Venice Security, formerly known as Valkyrie, has officially launched with $33 million in total funding, including a $25 million Series A round, as it aims to modernize privileged access management for enterprises navigating increasingly complex, AI-driven environments.
The Series A round was led by IVP, with participation from Index Ventures, Vine Ventures, Holly Ventures, and several angel investors. The company is focused on transforming how enterprises manage high-risk access points across cloud, SaaS, on-premises, and AI-powered systems.
Headquartered in Tel Aviv and New York, Venice says it already serves Fortune 500 enterprises across industries, including finance, media, hospitality, manufacturing, healthcare, and technology. The company reports that its platform has helped customers reduce standing privileges by 99%. Women represent 40% of the Venice team.
For decades, privileged access management relied on password vaults, credential rotation, and manual approval workflows designed for on-premises servers and relatively small IT teams. However, modern enterprises now manage tens of thousands of human, machine, and AI identities across distributed cloud and SaaS environments. According to industry data cited by the company, 86% of breaches involve stolen or compromised credentials, underscoring the growing risks posed by persistent, high-level access. As AI increases both operational speed and the sophistication of cyberattacks, Venice argues that a real-time, adaptive access model is essential.
Founded by Rotem Lurie and Or Vaknin, both cyber-intelligence veterans, Venice provides real-time, zero-standing-privilege control over sensitive systems. Lurie previously served as head of product at Axis Security and was recognized on the Forbes 30 Under 30 list. Vaknin was part of the founding teams at Transmit Security and Flow Security.
Rather than relying on static permissions and vault-based architectures, Venice’s platform discovers identities and entitlements across hybrid environments and grants access only when required. Access is removed immediately once it is no longer needed. The system operates without agents, proxies, or heavy deployment requirements, offering a unified view of sensitive access across human, machine, and AI-driven identities.
Venice says its approach enables enterprises to reduce identity-based risk while maintaining operational speed and continuous audit integrity at scale.
KEY QUOTES:
“The way organizations manage access isn’t keeping up with how business operates today. Teams move faster, environments shift constantly, and AI is accelerating operations across the enterprise and threat actors. Access control needs to match that tempo. Venice is on a mission to provide real-time access, granted only when required, and removed the moment it’s not. We appreciate the support of our investors as we bring this needed approach to the market.”
Rotem Lurie, Co-Founder And CEO, Venice
“What stood out about Rotem and her team was their clarity of mission. Enterprises can’t rely on static access in a world where identities shift by the second, and AI is accelerating the speed at which attackers exploit privileged access. Venice’s adaptive system will set a new standard for how global organizations operate and protect themselves.”
Cack Wilhelm, General Partner, IVP
