# Venafi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/venafi

- Industry: IT Security/Cybersecurity
- Headquarters: Salt Lake City, US
- Website: www.venafi.com
- Total disclosed funding: $209M
- Latest round: Series G (Oct 9, 2018)
- Investors on record: 11

## About

Founded in 2004 and based in Utah, US, Venafi, Inc. operates as a provider of machine identity protection solutions. The company is led by its CEO Jeff Hudson. In May 2024, CyberArk Software Ltd. agreed to acquire Venafi, Inc. from Thoma Bravo.The deal was completed in October 2024.The transaction values Venafi, Inc. at approximately USD 1.54 billion, a combination of USD 1 billion in cash and USD 540 million in equity.Venafi enables businesses and government agencies to protect machine identity to prevents unauthorized access or triggering application outages of cryptographic keys and digital certificates across websites, virtual machines, mobile devices, applications, and the cloud infrastructure. It also automates the management of keys and certificates as a central part of your DevOps environment. Additionally, the company's TLS Protect gives the visibility, intelligence, and automation needed to maintain consistent security policies. And SSH Protect automates processes to discover, remediate, and audit all SSH machine identities.The May 2024 acquisition will blend Venafi, Inc.’s expertise in managing machine identities with CyberArk’s identity security capabilities, forming a system for machine identity security across enterprises.

## Funding rounds

- Series G, Oct 9, 2018, $100M — TCV, Questmark Management Company, NextEquity Partners
- Series F, Jun 30, 2015, $39M — Silver Lake, Foundation Capital, Intel Capital, Pelion Venture Partners, Questmark Management Company, Origin Partners
- Series F, Apr 30, 2014, $13M — Foundation Capital
- Series E, Aug 29, 2012, $12M — Foundation Capital
- Series D, Oct 28, 2011, $7.5M — Pelion Venture Partners, Origin Partners
- Series C, Jan 19, 2011, $3M — Pelion Venture Partners, Origin Partners
- Series C, Jun 22, 2010, $5.3M — Pelion Venture Partners, Origin Partners
- Series B, Dec 12, 2008, $16M — Pelion Venture Partners, Origin Partners
- Series B, Sep 19, 2007, $4M — Foundation Capital, Pelion Venture Partners, Origin Partners
- Series B, Aug 30, 2006, $4M — Foundation Capital, Utah Venture Partners
- Series A, Apr 15, 2004, $5.1M — Highway 12 Ventures, Pelion Venture Partners, Village Ventures, Origin Partners

## Investors

- Highway 12 Ventures (https://capitalatlas.ai/funds/highway-12-ventures) — Series A
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A, Series B, Series C, Series D, Series F
- Village Ventures (https://capitalatlas.ai/funds/village-ventures) — Series A
- Origin Partners (https://capitalatlas.ai/funds/origin-partners) — Series A, Series B, Series C, Series D, Series F
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series E, Series F
- Utah Venture Partners (https://capitalatlas.ai/funds/utah-venture-partners) — Series B
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series F
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series F
- Questmark Management Company (https://capitalatlas.ai/funds/questmark-management-company) — Series F, Series G
- TCV (https://capitalatlas.ai/funds/tcv) — Series G
- NextEquity Partners (https://capitalatlas.ai/funds/nextequity-partners) — Series G