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Announced

Completed

Capital One Ventures and ServiceNow Ventures completed the investment in Veza.

Financials

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Transaction Value-
Consideration TypeCash
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EV/Sales-
EV/EBITDA-
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data security

United States

IT Services: Other

Acquisition

Private

Venture Capital

Minority

Private Equity

Domestic

Completed

Friendly

Single Bidder

Synopsis

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Capital One Ventures, a strategic investor, and ServiceNow Ventures, an investment company, completed the investment in Veza, an identity security company. Financial terms were not disclosed. “We are thrilled to have Capital One Ventures and ServiceNow Ventures involved as strategic investors. CIOs and CISOs are struggling with traditional and legacy tools like IAM, IGA and PAM that have not kept pace with the modern era of multi-identity, multi-cloud, and hybrid cloud. This investment validates Veza’s approach of understanding system specific permissions across hundreds of systems and interconnecting with identities providing access visibility, access monitoring, access lifecycle management, and access request – all at scale. We look forward to working with them on our mission to reinvent the future of identity access,” Tarun Thakur, Veza Co-Founder and CEO.

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