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Announced

Completed

A consortium of investors led a $110m funding round in Veza.

Financials

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Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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data security

United States

Venture Capital

Acquisition

Friendly

Completed

Minority

IT Services: Other

Domestic

Private

Private Equity

Synopsis

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Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture and True Ventures led a $110m funding round in Veza, a data security platform, with participation from angel investors, including Kevin Mandia, Enrique Salem, Lane Bess, Manoj Apte, Joe Montana, Niels Provos and Karthik Rangarajan. “When we founded the company two years ago, we were driven to help advance the state of data security for decades to come. Data and security teams have been inundated with tools, and yet have not been able to answer a fundamental question: Who can and should take what action on what data? Thanks to the dedication of our team, and the invaluable feedback from our customers, Veza has demonstrated the power of authorization metadata as the source of truth to help organizations modernize data security for the hybrid multi-cloud era. We are committed to helping enterprises trust confidently so they can unlock the value of their data," Tarun Thakur, Veza CEO and Co-Founder.

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