Identity Security Company Veza Raises $108 Million, Backed By Snowflake, Atlassian, And Workday - 1

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Identity Security Company Veza Raises $108 Million, Backed By Snowflake, Atlassian, And Workday

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

The identity security startup Veza has raised $108 million in a recent Series D funding round, bringing its valuation to $808 million. The round was led by New Enterprise Associates and included participation from new investors as well as leading cloud companies such as Snowflake, Atlassian, and Workday.

In a rush? Here are the quick facts:

  • Veza raised $108 million in a recent Series D round, reaching a $808 million valuation.
  • The identity security startup will invest in go-to-market strategies and the development of its platform.
  • The company provides identity governance and administration tools to multiple companies.

According to the press release , Veza plans to use the new investment to expand its go-to-market strategies and further develop its products.

Founded in 2020 and headquartered in California, the startup has developed a platform that provides companies with identity governance and administration tools to track access across cloud environments. Its AI-powered software integrates with multiple platforms, helping protect data across diverse technologies.

Veza works with global clients such as Expedia and Wynn Resorts, managing identity security cases. In the recent funding round, additional tech companies joined the project, while existing investors—including Google Ventures, Capital One Ventures, and J.P. Morgan—also participated.

“Despite identity security being one of the most dynamic and critical sectors in cybersecurity, today’s legacy identity access providers are falling short of meeting modern security needs,” said Aaron Jacobson, Partner at New Enterprise Associates. “As enterprises prioritize secure and compliant data access, Veza has demonstrated unmatched product innovation and the ability to deliver impactful solutions for global organizations.”

Veza has shown significan growth in the past year, more than doubling its annual revenue compared to the previous period, securing new customers and large companies in multiple sectors such as retail, finance, and pharmaceuticals, and expanding its partnerships with previous clients. The company has over 190 employees worldwide and expects to hire over 30 new workers every quarter in 2025.

Veza has raised $108 million in Series D! This isn’t just a milestone for us—it’s a signal to the world that identity is at the center of cybersecurity. We’re grateful to our customers, investors, and community for backing our mission. https://t.co/FJxEjIsSAS pic.twitter.com/BBccsI3qW2 — Veza (@vezainc) April 28, 2025

“Identity used to be an IT function, but it has now become the leading battleground of cybersecurity, with almost every breach linked to credential abuse,” said Tarun Thakur, Veza Co-Founder and CEO. “Our latest funding is a wake-up call to the industry: the future of security starts with identity, and Veza leads the way.”

Indeed, identity has been a critical and growing concern. CrowdStrike’s latest Global Threat Report revealed that identity-based attacks are on the rise, and cloud services have become an attractive target for malicious actors.

European Defense Startups Expand And Attract AI Engineers - 2

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European Defense Startups Expand And Attract AI Engineers

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

A recent report shared by Reuters revealed that more European engineers and tech workers are now interested in joining defense startups within the region rather than in the United States. Ongoing global events have fueled a sense of patriotism among talent, leading many to prioritize European job opportunities over higher-paying roles in North America.

In a rush? Here are the quick facts:

  • A Reuters report reveals that European AI engineers prefer to work for defense startups near home, even if the salaries are lower.
  • The Ukraine war, the political landscape, and Trump’s measures have contributed to developing a sense of patriotism among European tech talent.
  • Governments and investors are increasingly funding advanced technologies for military purposes.

According to Reuters’ exclusive , European governments have been boosting military investments. Tech companies such as the French defense startup Comand AI, and the German drone technology company Alpine Eagle have recently raised over $10 million in funding.

While the use of advanced technology for military purposes raises serious ethical concerns, its development continues to grow and attract investor interest. The war in Ukraine and the current geopolitical landscape have contributed to the sector’s rise.

A few months ago, Ukraine announced that it had gathered over 2 million hours of battlefield footage to train AI models , and multiple countries in the European Union—led by Germany—have raised concerns about cyberattacks performed by Russian military intelligence . Political tensions in the United States under President Donald Trump’s administration have also contributed to a shift toward developing advanced battlefield technologies.

Reuters interviewed over 20 engineers, investors, and government officials to understand the influx of tech talent in the region.

“There are people that are really mission-focused, and what they want to do in their life is to have an impact and not only earn a big salary,” said Loïc Mougeolle, CEO of Comand AI, to the news agency. “They’re really motivated to have an impact rebuilding Europe and change the course of history for Europe.”

A recent report published by the data company Zeki, the State of AI Talent Report, the number of AI engineers in Europe has been significantly growing, as well as in defense companies.

Despite the high salaries in the U.S., European engineers prefer to live close to home. Trump’s recent cuts to university funding and the political interference have also influenced scientists’ decisions to move to Europe.

“For me it is important if I do research in defence that I am protecting European democracies,” said German doctoral student Julian Dierkes to Reuters.

Europe’s defense unicorn Helsing pays an AI engineer around $150,000 per year, while companies like Palantir pay $270,000 and Google $380,000 in the U.S.

“Many of the world’s top AI researchers come from Europe. Some went to the U.S., but many are returning to work on European sovereignty, resilience, and long-term value creation,” said Jeannette zu Fürstenberg, managing director at U.S. venture capital firm General Catalyst in Berlin. “I think that’s a powerful signal.”