Venice Emerges from Stealth with $33M in Funding to Redefine Enterprise Privileged Access Management in the AI Era
QUICK TAKE
- Venice is the adaptive privileged access management (PAM) platform for the AI era, providing unified, consistent control across human, machine, and AI-driven identities to ensure that only the right entities access critical data, at the right times.
- Emerging from stealth, the company has already displaced legacy competitors in a number of Fortune 500 enterprises across finance, media, hospitality, manufacturing, healthcare, and technology.
- The estimated value of the PAM market is $5.94B in 2024, projected to reach $11.23B by 2030, with the largest incumbent provider valued at $7.2B.
- Venice was launched by cyber experts, with experience working with the Wiz, Axis and Transmit founders. Both founders are graduates of the elite IDF 8200 Unit.
- The company has raised $8M in seed funding led by Index Ventures, and $25M in Series A led by IVP, with support from Index Ventures. Angel investors include Assaf Rappaport (Wiz) and the Axis Security founders.
INDEX PERSPECTIVE
I met Rotem during the summer of 2023, and as soon as we spoke, I knew I had to partner with her. Not only was it clear that she had the intelligence, charisma and leadership to build a significant, high-growth company, but that she also had a laser-sharp vision for a solution customers needed - and that no one had yet effectively solved.
The only challenge? Building a fully integrable PAM solution for hybrid environments is both exceptionally difficult and critical to get right. Identity sits at the heart of enterprise security - and when it’s misconfigured or poorly managed, is one of the most common paths for a breach. That’s why, following their seed round, the team spent over a year tirelessly developing a product capable of unseating incumbents that are deeply ingrained in leading enterprises.
Most new products in this space augment legacy solutions by stitching together disparate services. Venice replaces them entirely and solves the problem at its root, whatever the environment. Rotem and Or knew what they wanted to achieve with Venice from day one, and alongside their exceptional founding team, they have delivered on that ambition.
Now, the vision is not only coming to life, but the implementation is as well. A lean, 30-person team is convincing enterprises to replace legacy providers with Venice, in one of the most critical parts of their systems.
That progress has come quickly through a combination of a fantastic, ready-to-deploy product shaped by Or’s technical vision and leadership as CTO, and Rotem’s superpower as CEO: building trust and lasting relationships with customers, employees, and investors alike. People want to follow her - and they believe in what they’re building together.
Venice has already solved a complex problem and built a product that enterprises genuinely love. With the traction we’re seeing and the strength of feedback from customers, this is only the beginning for the team.
THE DETAILS
Today, large enterprises manage tens of thousands of human, machine, and AI identities across cloud, SaaS, and automated systems, making access far harder to monitor and secure than before.
With AI accelerating the speed and sophistication of attacks, organisations require a new, adaptive model for securing access – vaults, password rotation, and slow approval workflows built for on-prem servers and small IT teams are no longer an option.
Venice solves this challenge by removing standing access entirely, modernising Privileged Access Management (PAM) to uncover and control access across an entire enterprise. “The way organisations manage access isn’t keeping up with how business operates today,” explains Rotem Lurie, Venice’s co-founder and CEO.
“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.”
Founded by cyber-intelligence veterans Rotem Lurie (CEO; previously head of product at Axis Security) and Or Vaknin (CTO; formerly early teams at Transmit Security and Flow Security), Venice delivers real-time control over high-risk access across cloud, SaaS, on-prem, and AI-driven environments.
Rather than relying on vaults and permanent permissions, Venice discovers every identity and entitlement, even in complex hybrid environments, and grants access only when it’s needed, and removes it the moment it’s not. The platform eliminates standing privilege by default, granting access only when needed and adapting in real time as environments shift. With no agents, proxies, or heavy deployment work, Venice gives enterprises one place to see and manage sensitive access at scale, reducing risk while keeping operations fast.
The company has raised $8M in seed funding led by Index Ventures, and $25M in Series A led by IVP, with support from Index Ventures, Vine Ventures and Holly Ventures. Notable angel investors include Assaf Rappaport (Wiz), Dor Knafo, and Gil Azrielant (Axis Security).
Published — Feb. 18, 2026
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