About Venafi
Venafi focuses on machine identity management, which is essential for cybersecurity. Their platform automates the management of digital credentials, such as cryptographic keys and digital certificates, to ensure secure communication for large enterprises across various industries. Unlike competitors, Venafi provides specialized solutions like TLS Protect and CodeSign Protect, tailored to specific security needs. The company's goal is to enhance cybersecurity by preventing outages and securing DevOps processes.
Salt Lake City, UtahHeadquarters
2004Year Founded
$162.6MTotal Funding
ACQUISITIONCompany Stage
Data & Analytics, CybersecurityIndustries
201-500Employees
Risks
Shift to 90-day TLS certificates may lead to increased outages and security vulnerabilities.
CyberArk acquisition could cause integration challenges, affecting operations and customer satisfaction.
Rapid increase in machine identities may outpace Venafi's capabilities, leading to security gaps.
Differentiation
Venafi specializes in machine identity management, a critical cybersecurity aspect.
The platform automates cryptographic key and digital certificate management for secure communications.
Venafi offers solutions like TLS Protect and CodeSign Protect for specific security needs.
Upsides
Increased demand for machine identity management due to exponential growth of machine identities.
SPIFFE support for Venafi Firefly secures cloud-native environments, enhancing workload identity management.
CyberArk acquisition expected to expand Venafi's market reach and create growth synergies.
Funding
Total raised$162.59 M
Latest valuation$1.54 B
StageACQUISITION
ACQUISITION
4/30/2024$1.5 K
$1.54 BGROWTH EQUITY VC
10/31/2018$100
$39
$195.00 MLATE VC
8/31/2012$12
$60.00 MSERIES B
10/31/2006$5
$22.50 M