Venafi provides enterprise-grade machine identity automation and management solutions that help organizations secure their digital ecosystems. Its platform automates the issuance, deployment, and rotation of encryption keys and digital certificates, ensuring machine identities remain trusted and uncompromised. Venafi’s technology is vital for enterprises adopting zero-trust architectures and hybrid cloud infrastructures, protecting sensitive data and preventing identity-based cyber threats.
What Is Venafi and What Does It Do?
Venafi, founded in 2000, is a Salt Lake City–based (United States) cybersecurity company specializing in machine identity management and automation.
Venafi employs between 201 and 500 people and secures machine-to-machine communications by automatically managing digital certificates, cryptographic keys, and trust policies.
Trusted by global enterprises and governments, Venafi provides the intelligence and automation necessary to prevent breaches, data theft, and downtime caused by compromised machine identities.
How Much Funding Has Venafi Raised?
- Series D
• Amount Raised: $100 million
• Date: November 2018
• Lead Investors: TCV, QuestMark Partners, NextEquity Partners
• Motivation: To scale machine identity protection capabilities and strengthen integrations with leading DevOps and cloud platforms. - Series C
• Amount Raised: $39 million
• Date: June 2015
• Lead Investors: QuestMark Partners, Silver Lake, Intel Education Accelerator
• Motivation: To expand product development and advance automation features for key and certificate security.
Total Funding Raised: $190 Million
Current Valuation: $1.15 Billion (as of December 2020)
Latest Funding Date: December 2020
Key Investors
- Thoma Bravo
• Details: A leading private equity firm focused on software and cybersecurity investments.
• Investment Focus Areas: Enterprise software, automation, and digital infrastructure.
• Notable Investments: SailPoint, Proofpoint, and Venafi. - TCV (Technology Crossover Ventures)
• Details: A Silicon Valley–based growth equity firm backing category-defining technology companies.
• Investment Focus Areas: Software, fintech, and enterprise infrastructure.
• Notable Investments: Netflix, Splunk, and Venafi. - QuestMark Partners
• Details: A growth equity firm investing in technology and healthcare companies with scalable solutions.
• Investment Focus Areas: SaaS, security, and data analytics.
• Notable Investments: CloudBees, SailPoint, and Venafi.
Where Is Venafi’s Headquarters?
Venafi is headquartered in Salt Lake City, Utah (United States) a rapidly emerging technology hub known for its strong cybersecurity talent and enterprise innovation. The city’s ecosystem provides Venafi with access to skilled engineers, cybersecurity researchers, and proximity to major cloud service providers, supporting the company’s continued growth and technical excellence.
What’s Next for Venafi?
After being acquired (by Thoma Bravo), Venafi is focused on integrating advanced AI and machine learning into its identity management ecosystem. The company plans to expand its partnerships across DevOps, IoT, and hybrid cloud infrastructures to strengthen automated certificate lifecycle management. Venafi’s future strategy revolves around delivering machine identity-as-a-service and leading the next era of secure digital trust solutions for enterprises worldwide.
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