Data security startup launches from stealth with $110m

Veza, a data security platform, has launched out of stealth alongside the close of a $110m funding round.

The investment was backed by Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners and True Ventures. Several angel investors also joined the round, including Mandiant founder and CEO Kevin Mandia, former Symantec CEO Enrique Salem, former Palo Alto Networks CEO Lane Bess and more.

Veza claims to be the first and only data security platform built on the power of authorisation. The platform, which supports both on-premise and cloud systems, helps security teams better understand sensitive nature of data, manage human identities, and service accounts across hundreds/thousands of disparate systems.

Veza CEO and co-founder Tarun 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.

“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.”

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