Venice Security Unveils Privileged Access Management Solution with $33M Funding Boost
Venice Security Emerges with $33M in Funding to Revolutionize Privileged Access Management
A new player has emerged in the privileged access management space, armed with $33 million in funding. Venice Security, formerly known as Valkyrie, has come out of stealth mode with a platform designed to eliminate standing privilege by default in complex enterprise environments.
Platform Overview
The Venice Security platform provides a unified control system for access points across hybrid environments, including cloud, on-premises, and SaaS systems. It discovers identities and entitlements, granting access only when required and revoking it immediately after. The system’s dynamic policies adapt in real time to changes in user behavior or environmental conditions, without requiring agents or proxies for deployment.
Quote from the CEO
Addressing the Challenges of Privileged Access Management
Venice Security’s platform is designed to address the challenges of privileged access management in complex enterprise settings. By eliminating standing privilege by default, the platform aims to enhance security and reduce the risk of lateral movement in the event of a breach. The company’s approach is centered on the principle of least privilege, where access is granted only when necessary and revoked immediately after use.
Funding and Investment
The funding round was led by IVP, with participation from Index Ventures, Vine Ventures, Holly Ventures, and angel investors. The investment will be used to further develop the Venice Security platform and expand the company’s operations.
Conclusion
As the threat landscape continues to evolve, the need for effective privileged access management has become increasingly important. Venice Security’s emergence from stealth mode marks a significant development in this space, and the company’s platform is likely to attract attention from enterprises looking to enhance their security posture.
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