Venice

What Venice does

Venice (Venice Security Ltd., formerly Valkyrie) is an adaptive Privileged Access Management (PAM) platform founded in 2024 by Rotem Lurie and Or Vaknin, both IDF 8200 veterans, and headquartered across Tel Aviv and New York. The company delivers a single, agentless, vault-free SaaS control plane that replaces static standing privileges with real-time, context-aware, just-in-time access for human, machine, and AI-agent identities across cloud, SaaS, on-prem, and hybrid environments. Solution modules include Zero Standing Privileges (continuous discovery and a live ZSP dashboard), Just-in-Time Access (with a Microsoft Teams bot interface), Replace Your Legacy PAM (AI-assisted migration), Context-Aware Access (adaptive policy engine), Audit Sign-Off (single audit center with SIEM streaming), and the Venice Identity Gateway (runtime authorization for AI agents via MCP). Venice cites a 99% reduction in standing privileges and a deployment time of ~1.5 weeks (vs. 6 months to 2 years for legacy PAM) at Fortune 500 reference customers.

Venice operates a sales-led, enterprise-focused GTM motion targeting Fortune 500 buyers, with demo-gated acquisition, multi-year Order Form contracts (direct or via partner), and recurring SaaS subscription fees. The platform is sold into finance, media, hospitality, manufacturing, healthcare, and technology verticals, displacing legacy vault-based PAM incumbents (notably CyberArk) and integrating with Microsoft Entra, Intune, and Teams. The company emerged from stealth on February 18-19, 2026 with $33M in total funding ($8M seed led by Index Ventures; $25M Series A led by IVP) and was selected as a 2026 RSAC Innovation Sandbox finalist. As of public launch, customer logos are anonymized (entertainment 6K+ employees, electronics 75K+, healthcare 40K+), revenue is not disclosed, and the company is scaling a leadership team explicitly recruiting "engineers, identity veterans and AI specialists" to support global enterprise expansion.

Name

Venice

Legal name

Venice Security Ltd.

Website

https://venice.io

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Venice is an adaptive Privileged Access Management platform founded in 2024 that delivers agentless, AI-driven Zero Standing Privilege access for Fortune 500 enterprises across cloud, SaaS, on-prem, and AI agent environments.

Ownership category

akta.pro rank

Product category

Privileged Access Management (Identity Security)

NAICS

Software Publishers (5132), Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Privileged Access Management (PAM) (HDADAAAC)

akta.pro secondary industries

Privileged Access Management (PAM) (BPAMAEAD), Privileged Access Management (PAM) (HDAEAJAD), Identity & Access Security Services (IAM, PAM, Zero Trust) (BPAKAHAI)

Keywords

• Privileged access management
• Identity security
• Zero standing privilege
• Just-in-time access
• AI agent governance

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription Fees: Recurring subscription fees paid in advance under a Subscription Term specified in an Order Form, billed in U.S. Dollars, non-refundable, and paid within 30 days of invoice. Late payments accrue interest at the lesser of 1.5% per month or the maximum permitted by law. Customers may purchase directly or via a Partner Order Form.
2. Multi-Year / Custom Enterprise Contracts: Order Form-driven enterprise contracts; Terms of Use reference pro-rated refunds tied to the remaining period of the Subscription Term, implying contracts can span multiple years.

Pricing tiers

Go-to-market motion4 records

Distribution channels3 records

Marketing channels7 records

Core offering

Venice sells a unified SaaS Privileged Access Management (PAM) platform that eliminates standing privileges for human, machine, and AI-agent identities across cloud, SaaS, on-prem, and hybrid environments. Delivered agentlessly (no endpoint agents, no vault, no proxies), it grants just-in-time, ephemeral, context-aware access governed by a single risk engine and a single audit trail. The platform is sold via multi-year enterprise Order Forms, primarily to Fortune 500 organizations displacing legacy vault-based PAM (e.g., CyberArk).

Product overview

Venice offers a single unified adaptive Privileged Access Management (PAM) platform — not a suite of separate products — that delivers Zero Standing Privilege across cloud, SaaS, on-prem, and AI-driven environments. The core platform is delivered as one agentless, vault-free SaaS service with a single risk engine and one audit trail, and is organized into named solution modules: Zero Standing Privileges, Just-in-Time Access, Replace Your Legacy PAM, Context-Aware Access, Audit Sign-Off, and Secure AI Agents (the Venice Identity Gateway, which extends the same JIT access model to AI agents via MCP). All modules share the same identity model, governance, and audit layer, so human, machine, and AI-agent identities are governed through one control plane rather than separate products.

Differentiator

Problem solved

Functional benefit

Products and services

• Venice Adaptive Privileged Access Management Platform (Venice PAM) Venice's unified SaaS identity privilege management platform that eliminates standing privileges through real-time, contextual, policy-driven Just-in-Time access for human, machine, and AI-agent identities across cloud, SaaS, on-prem, and hybrid environments. Agentless, vault-free architecture with a single risk engine and a single audit trail.
• Zero Standing Privileges Discover-all-identities module providing a single pane of glass across human, machine, and agent identities, with a live ZSP dashboard showing standing-access risk and progress toward eliminating standing privileges, plus continuous privileged identity discovery.
• Just-in-Time Access Unified access interface that grants privilege for the duration of a task via a unified workflow (browser and Microsoft Teams bot); one-click infrastructure onboarding, policy-driven approvals, and automatic revocation when the task ends.
• Replace Your Legacy PAM AI-assisted migration offering that scans existing vaults, shared accounts, and standing permissions and translates them into policy-driven JIT access, with shared-account support and side-by-side coexistence with legacy PAM during transition.
• Context-Aware Access Adaptive authorization module that evaluates identity risk, device state, behavioral baseline, network segment, and environment classification at the moment of each request via an adaptive policy engine.
• Audit Sign-Off Audit Center that ties every request, decision, and session to a named identity; produces pre-formatted reports for SOC 2, ISO, GDPR, and other frameworks; streams enriched events into SIEM; provides AI-enhanced session analysis.
• Secure AI Agents (Venice Identity Gateway / Runtime Identity Gateway for Agents) Extends Venice's just-in-time model to AI agents as a first-class identity. Uses MCP to act as the single control point between agents and resources, evaluating every call against the declared task, with drift detection that revokes access mid-call and ties every action to the human owner.

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability8 records

Feature9 records

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Okta: Okta is a broad identity and access management incumbent that Venice cites as a target for displacement. While Okta's core strength is workforce SSO and identity governance, its Privileged Access and Identity Governance products overlap with Venice's adaptive PAM platform for Fortune 500 buyers.
• Microsoft Entra ID: Microsoft Entra ID (formerly Azure AD) is the broad identity incumbent that Venice integrates with for real-time context signals and CAEP session intelligence. Microsoft's vast enterprise footprint and bundled identity governance offerings make it a strategic competitor even where Venice differentiates on JIT and ZSP.
• Saviynt: Saviynt is an identity governance and cloud privilege elevation vendor that competes with parts of Venice's stack, particularly around access requests, certification, and privileged access for cloud workloads. It is commonly evaluated alongside PAM solutions by Fortune 500 identity teams.
• One Identity: One Identity (a Quest Software business) offers PAM, identity governance, and AD management, frequently competing against CyberArk and Delinea in Fortune 500 deals. Its broader portfolio overlaps with Venice's identity- and access-centric PAM positioning for regulated enterprises.

Emerging players

• Astrix Security: Astrix Security focuses specifically on securing non-human and AI-agent identities, directly overlapping with Venice's Identity Gateway for AI agents. Both target the emerging category of agent identity governance, though Astrix is earlier-stage and narrower in scope than Venice's full PAM platform.

Direct peers

• CyberArk: CyberArk is the dominant Privileged Access Management vendor and the explicit incumbent Venice cites displacing at Fortune 500 customers. Both companies target enterprise PAM, vault/credential management, and session control, though Venice differentiates with an agentless, vault-free architecture.
• Teleport: Teleport provides identity-aware access for infrastructure (SSH, Kubernetes, databases, web apps), competing with Venice on agent- or certificate-based privileged access for engineering teams. It targets similar hybrid-cloud Fortune 500 use cases with a modern, vault-light architecture.
• BeyondTrust: BeyondTrust is a leading enterprise PAM and privileged remote-access vendor. Its portfolio of vault-based PAM, endpoint privilege management, and remote-access tools overlaps directly with Venice's target use cases for Fortune 500 buyers modernizing away from legacy privileged access.
• HashiCorp Boundary: HashiCorp Boundary is a modern, session-based privileged access tool that overlaps with Venice's identity- and session-centric approach. Both target infrastructure and cloud access without traditional VPN or vault-centric workflows, appealing to enterprises replacing legacy PAM.
• Delinea: Delinea (formed from the merger of Thycotic and Centrify) is a direct PAM competitor offering vault-based privileged credential management and least-privilege controls. It targets similar Fortune 500 and mid-market enterprise segments that Venice is pursuing with its Zero Standing Privilege approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/venice-io

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Venice