Veza, the world''s largest alternative asset manager, has chosen Blackstone to manage its global organization''s data security in a complex, hybrid-cloud environment.
PALO ALTO, Calif.(BUSINESS WIRE)June 22, 2022
Veza, the data security platform built on the power of authorization, announced an investment in their Series C financing round, led by Blackstone Investments, which has now raised $110 million from top-tier investors, including Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners, True Ventures, and others. Veza has also selected Veza to help modernize its data security and access governance.
Veza has the capacity to assist organizations with today''s greatest cybersecurity challenge: who can and should take what action on what data. This is because as the world rapidly grows, human identities, accounts, apps, and access points are transforming in part. Veza has adopted a comprehensive approach to manage data access and controls.
It''s a crucial part of our company''s success to have a world-class cybersecurity program that protects our brand, reputation, investors, and intellectual property, and we''re continuing to incorporate innovative technology solutions, according to Adam Fletcher, the chief security officer of Blackstone. Our organization is constantly looking for ways to improve access across all of our applications and cloud infrastructure to improve the access controls. We are grateful to partner with Veza to assist us with this task.
Blackstone Innovations Investments is committed to investing in cutting-edge technology firms that, according to us, will have a positive impact on Blackstone, our portfolio companies, and the whole industry. We look forward to working with Veza and their impressive leadership team as they enter this next phase of growth, according to Stevi Petrelli, the head of Blackstone Innovations Investments.
According to Tarun Thakur, a global company that has supported Blackstone''s product recommendations and market insights, institutions across many industries have viewed Blackstone as a true example of exceptional technology deployment and cybersecurity expertise. Veza has enormously benefitted from Blackstones'' product feedback and market insights. We are thrilled to collaborate with Blackstones Security to further modernize data security for their hybrid and multi-cloud environment.
Dheeraj Pandey, the co-founder and CEO of DevRev and the former CEO of Nutanix, and Lars Dalgaard, the founder of Luv Ventures, the founder and former CEO of SuccessFactors, have made an additional investment in Veza.
Dheeraj Pandey, the founder and CEO of DevRev, believes that authorization at an an all-time high is one of the most difficult issues to address, and I am excited to see Veza enter a new era of identity, built in authorization. Veza is expanding its capabilities to protect data from ransomware and other forms of data breaches.
Entrepreneurs will tell you that company building is one of the hardest, yet rewarding experiences, with significant potential to grow. When I think about a company, I look for extensive technical breakthrough for a wide market opportunity, deal composition, company traction, and passion amongst founders. And, im very excited to be partnering with Tarun and Veza on the mission to build an iconic company that will revolutionize the data security industry for decades to come.
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Get started with Veza Free Trial Veza for Snowflake Access Governance Modernize Privileged Access for Data Explore Vezas Open Authorization API (OAA) for SaaS applications (GitHub, and more)
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