New York and Tel Aviv-based Venice has emerged from stealth with $33 million in total funding, including a $25 million Series A. The round was led by IVP, with participation from Index Ventures and Vine Ventures, to modernize Privileged Access Management (PAM) for the AI era.
The big picture: Legacy access control relies on “standing privileges”—permanent permissions that act as open doors for attackers. In a world where 86% of breaches involve compromised credentials, Venice aims to remove these static risks by granting access only when required and revoking it the moment a task is complete.
How it works:
- Zero Standing Privilege (ZSP): Removes permanent access by default across cloud, SaaS, on-prem, and AI-driven systems.
- Agentless Discovery: Uncovers every human, machine, and AI identity without the need for heavy deployment, proxies, or agents.
- Contextual Control: Adapts access in real-time based on shifting environments and identity behavior.
The catch: While “just-in-time” access is the gold standard for security, it often introduces friction into dev-ops workflows. Venice’s promise of an agentless, real-time system is ambitious; if the contextual engine experiences even a few seconds of latency, it becomes a bottleneck for the very “fast-moving teams” it seeks to protect. Furthermore, as organizations increasingly adopt identity infrastructure to manage compliance, Venice must prove its adaptive layer won’t conflict with existing GRC (Governance, Risk, and Compliance) policies. Scaling 100% ephemeral access across tens of thousands of human and machine identities requires a level of orchestration precision that legacy PAM giants have historically struggled to maintain.
Key Details
- Funding: $33M (Total Launch Funding)
- Lead: IVP
- CEO: Rotem Lurie
- Sector: Cybersecurity / Identity Access
