Venice Launches with $33M Funding
Analysis based on 9 articles · First reported Feb 18, 2026 · Last updated Feb 19, 2026
The launch and significant funding of Venice are expected to positively impact the cybersecurity market by introducing an adaptive privileged access platform. This innovation could lead to increased investment in similar AI-driven security solutions, benefiting the broader technology sector.
Venice, formerly known as Valkyrie, has officially launched with a total of $33 million in funding, including a $25 million Series A round. The Series A was led by IVP, with participation from Index Ventures, Vine Ventures, Holly Ventures, and angel investors. Venice aims to modernize Privileged Access Management (PAM) by providing real-time, zero-standing-privilege control over high-risk access points across cloud, SaaS, on-prem, and AI-driven systems. The platform, founded by Rotem Lurie (CEO) and Or Vaknin (CTO), eliminates standing access by default, granting access only when needed and removing it immediately after use. Venice already serves Fortune 500 enterprises across various industries, claiming to have reduced standing privileges by 99%. The company operates out of Israel===Tel Aviv and New York, with women representing 40% of its team. This funding will enable Venice to expand its operations and further develop its adaptive security solutions in response to the accelerating pace of AI-driven threats.
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