Venafi
Venafi provides a machine identity security platform that manages certificates, PKI, secrets, SSH keys, and workload identities for enterprise machine-to-machine communications, serving Fortune 500 and Global 2000 customers across banking, government, healthcare, and critical infrastructure; acquired by CyberArk in October 2024 for approximately $1.54 billion.
- Company typePrivate
- Founded2004
- HeadquartersSalt Lake City, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Venafi does
Venafi is a Salt Lake City-based cybersecurity company founded in 2004 that built a category-leading machine identity management platform. The company's core function is securing the keys, certificates, secrets, SSH keys, and workload identities that enable machine-to-machine communications across enterprise environments — addressing an 82:1 machine-to-human identity ratio in customer environments. Its product portfolio comprises three pillars: (1) Certificate Management, including Certificate Manager, Certificate Manager for Kubernetes, Code Sign Manager, Zero Touch PKI, and SSH Manager for Machines; (2) Secrets Management, including SaaS and self-hosted Secrets Manager, Secrets Hub, and Credential Providers; and (3) Workload Identity Manager for containers and microservices.
Venafi operates an enterprise subscription licensing model, sold primarily through direct field sales to Global 2000 and Fortune 500 customers across banking, financial services, critical infrastructure, government, healthcare, and other regulated verticals. Named customers include Southwest, TIAA, BP, Elevance, and 7i Holdings, with over 55% of Fortune 500 and 35% of Global 2000 companies using the platform. GTM leverages a 30-day self-serve trial for evaluation alongside enterprise field engagement.
In October 2024, CyberArk Software Ltd. acquired Venafi from Thoma Bravo for approximately $1.54 billion in cash and stock. The acquisition was disclosed as adding approximately $150 million in annual recurring revenue and being immediately accretive to CyberArk's margins. Post-acquisition, Venafi operates as "CyberArk Machine Identity Security," a core product line within CyberArk's broader Identity Security Platform. The company is now a wholly-owned subsidiary of the NASDAQ-listed CyberArk (ticker: CYBR), and is no longer an independent operating entity.
Venafi firmographics
Firmographics- Name
- Venafi
- Legal name
- Venafi, Inc.
- Website
- https://venafi.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Short description
- Venafi provides a machine identity security platform that manages certificates, PKI, secrets, SSH keys, and workload identities for enterprise machine-to-machine communications, serving Fortune 500 and Global 2000 customers across banking, government, healthcare, and critical infrastructure; acquired by CyberArk in October 2024 for approximately $1.54 billion.
- Ownership category
- akta.pro rank
Venafi industry classification
Industry- Product category
- Machine Identity Security Software
- NAICS
- Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Secrets Management & Machine Identity (API keys, certificates, workload identity) (HDAEAJAJ)
- akta.pro secondary industry
- Machine & Workload Identity (PKI, Certificates, Service Accounts) (HDADAAAH)
Keywords
Where Venafi is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Markets served
Venafi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Machine Identity Security Software: Subscription-based software revenue from certificate management, PKI, secrets management, and workload identity products
- Acquisition Revenue Contribution: Venafi acquisition by CyberArk expected to add approximately $150 million in annual recurring revenue
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription licensing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Venafi product offering
Product offeringCore offering
Venafi (now CyberArk Machine Identity Security) provides a machine identity security platform that secures keys, certificates, and machine identities to enable safe machine-to-machine communications. The platform delivers certificate lifecycle management, enterprise PKI, workload identity management, secure code signing, SSH security, and secrets management across cloud-native, on-premises, and hybrid enterprise environments.
Product overview
Venafi is now CyberArk Machine Identity Security, operating as a comprehensive platform-plus-modules architecture under CyberArk's Identity Security Platform. The offering comprises machine identity security solutions organized into three core product categories: (1) Certificate Management including Certificate Manager, Certificate Manager for Kubernetes, Code Sign Manager, Zero Touch PKI, and SSH Manager for Machines; (2) Secrets Management including Secrets Manager (SaaS), Secrets Manager (Self-Hosted), Secrets Hub, and Credential Providers; and (3) Workload Identity Manager. These products work together to secure machine identities across devices, applications, APIs, and cloud-native technologies, addressing the 82:1 ratio of machine to human identities in enterprise environments.
Differentiator
Problem solved
Functional benefit
Brands
- Machine Identity Security Platform: A comprehensive platform for certificate lifecycle management, enterprise PKI, workload identity management, secure code signing, and SSH security.
Products and services
- Machine Identity Security Platform
- Certificate Manager Automated certificate lifecycle management (CLM) solution that secures TLS/SSL certificates and prevents outages through automation.
- Certificate Manager for Kubernetes
- Code Sign Manager
- Zero Touch PKI
- SSH Manager for Machines
- Secrets Manager, SaaS
- Secrets Manager, Self-Hosted
- Secrets Hub
- Credential Providers
- Workload Identity Manager
Quantifiable outcome
- 77% of security leaders believe every undiscovered machine identity is a potential point of compromise
- +3 more outcomes
Companies that use Venafi
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles2 records
Venafi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Venafi partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights6 records
Venafi competitors and assessment
Company assessmentDirect peers
- Sectigo: Sectigo is a certificate authority offering TLS, code signing and enterprise PKI solutions. It overlaps with Venafi's certificate lifecycle, code signing and PKI product lines.
- Keyfactor: Keyfactor provides certificate lifecycle automation, PKI and IoT identity management, directly competing with Venafi's Certificate Manager and PKI portfolio in enterprise accounts.
- Entrust: Entrust offers PKI, certificate management and digital identity solutions for enterprises and governments. It directly competes with Venafi's certificate, PKI and SSH management offerings.
- HashiCorp: HashiCorp Vault is a leading secrets management and PKI tool widely adopted in DevOps and Kubernetes environments. It directly competes with Venafi's Secrets Manager, Zero Touch PKI and Kubernetes certificate offerings.
- DigiCert: DigiCert is a major certificate authority and PKI provider offering TLS/SSL certificates and lifecycle management tools. It competes with Venafi in certificate issuance, PKI and CLM for enterprise buyers.
Broad incumbents
- CyberArk: CyberArk is the parent company of Venafi and a leader in privileged access management. Its broader Identity Security Platform now incorporates Venafi's machine identity capabilities and competes with other IAM/PAM incumbents.
- AWS Certificate Manager: AWS Certificate Manager provides free TLS certificates tightly integrated with AWS workloads and ACME automation. It is a broad incumbent alternative for cloud-native certificate management that competes with Venafi's CLM value proposition.
- Azure Key Vault: Azure Key Vault offers cloud-native secrets, keys and certificate management integrated with Microsoft Azure and Entra ID. It directly competes with Venafi's Secrets Manager and certificate management offerings for Azure-centric enterprises.
- BeyondTrust: BeyondTrust provides privileged access management and identity security solutions broadly across the enterprise. As a broad incumbent in identity security, it competes with CyberArk/Venafi for unified human-and-machine identity budgets.
Emerging players
- Akeyless: Akeyless is a cloud-native SaaS secrets management and PKI platform targeting DevOps and cloud workloads. It is an emerging competitor to Venafi's Secrets Manager and Zero Touch PKI in cloud-native accounts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Venafi social profiles
Digital presenceVenafi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Venafi leadership team
Management profileNumber of profiles
Profiles19 records
Venafi funding detail
Funding detailFunding overview
Funding rounds9 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Venafi M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Venafi
What does Venafi do?
Venafi (now CyberArk Machine Identity Security) provides a machine identity security platform that secures keys, certificates, and machine identities to enable safe machine-to-machine communications. The platform delivers certificate lifecycle management, enterprise PKI, workload identity management, secure code signing, SSH security, and secrets management across cloud-native, on-premises, and hybrid enterprise environments.
Is Venafi a public or private company?
Venafi is a private company. It is classified as corporate owned and is currently acquired.
When was Venafi founded?
Venafi was founded in 2004. It employs 251 to 500 people.
Where is Venafi based?
Venafi is headquartered in Salt Lake City, United States, in the North America region.
How does Venafi make money?
Two revenue lines are on record. Machine Identity Security Software is the primary driver. The others are acquisition Revenue Contribution.
Who are Venafi's main competitors?
Direct peers on record are Sectigo, Keyfactor, Entrust, HashiCorp and DigiCert. Broad incumbents are CyberArk, AWS Certificate Manager, Azure Key Vault and BeyondTrust. Akeyless is listed as an emerging player.
Does Venafi have an API?
Yes. CyberArk provides a developer portal at developer.cyberark.com for building and automating identity security solutions, including machine identity management capabilities. The portal offers documentation and resources for developers to integrate with CyberArk's identity security platform. Developer documentation is at developer.cyberark.com.
What industry is Venafi in?
Venafi's product category is Machine Identity Security Software. Its primary akta.pro industry code is HDAEAJAJ, Secrets Management & Machine Identity (API keys, certificates, workload identity), with a secondary code of HDADAAAH, Machine & Workload Identity (PKI, Certificates, Service Accounts). Its NAICS code is 54151 and its SIC code is 7370.