Data security startup Veza emerges from stealth with $110M in funding to help enterprises share data safely in the cloud
Data is the lifeblood of every business. And, with most organizations now operating in the cloud, the need to securely and safely use and share data on-premise and in the cloud is greater than ever. However, organizations around the world are still missing a critical piece of data security: authorization.
Because legacy and first-generation data security solutions don’t work in hybrid multi-cloud environments, data and security leaders face significant challenges related to ransomware, digital transformation, cloud adoption, loss of customer trust due to data breaches, and failed audit and compliance.
With the amount of data tripling from 2020 to 2025 and incidents of cybercrime doubling every year, organizations need a data security solution that can give them the power to understand, manage, and control who can and should take what action on what data. That’s the problem Veza is aiming to solve.
Veza is a data security platform built on the power of authorization. Founded two years ago, Veza’s platform is purpose-built for hybrid multi-cloud environments to help organizations use and share their data safely.
Today, Veza emerged from stealth with $110 million in funding to fill a gaping hole in data security: authorization — the ability to understand, manage, and control who can and should take what action on what data.
The funding round was backed by top-tier venture firms, including Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners, and True Ventures, as well as angel investments from notable industry leaders, including Kevin Mandia, Founder and CEO, and others.
Founded in 2020 by CEO Tarun Thakur, CTO Maohua Lu, and Chief Architect Robert Whitcher, Veza makes it easy to understand, manage, and control who can and should take what action on what data. Veza’s clients include ASAPP, ATN International, Barracuda Networks, Choice Hotels, InComm, Nozomi Networks, and The Translational Genomics Research Institute (TGen), among others.
In a statement, Thakur said: “When we founded the company two years ago, we were driven to help advance the state of data security for decades to come.”
He also added, “Data and security teams have been inundated with tools, and yet have not been able to answer a fundamental question: Who can and should take what action on what data? Thanks to the dedication of our team, and the invaluable feedback from our customers, Veza has demonstrated the power of authorization metadata as the source of truth to help organizations modernize data security for the hybrid multi-cloud era. We are committed to helping enterprises trust confidently so they can unlock the value of their data.”
To date, Veza is the first and only data security platform that is built on the power of authorization. The platform supports both on-premise and cloud systems, and makes it possible for data and security teams to understand the sensitive nature of data; manage human identities; and service accounts across hundreds and even thousands of disparate data systems, apps, and cloud services.
“Finally, a start-up taking on cybersecurity’s biggest challenge: Our collective ignorance to our own data environments,” said Nicole Perlroth, special advisor to Veza; former New York Times cybersecurity reporter and advisor, Cybersecurity and Infrastructure Security Agency. “Until now, no senior executive has been able to say with a straight face that they know where their data lives and who has access to it. Veza gives them no excuse. This platform marks a huge advance for cyber defense.”