Private Equity

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Venafi

By combining Venafi’s leading machine identity security with CyberArk’s Identity Security Platform, you can apply the right level of privileged access...

Venafi logo

Venafi

By combining Venafi’s leading machine identity security with CyberArk’s Identity Security Platform, you can apply the right level of privileged access controls for every identity in your organization.

General information

Firm type

Private Equity

Year founded

2004

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Salt Lake City

Corporate office

Salt Lake City, UT, United States

Sector focus

Enterprise SoftwareCybersecurity

Frequently asked questions

How does Venafi's operational background shape its investment strategy?

Venafi's investment posture draws directly from its machine identity management operational experience. The firm focuses on enterprise software and cybersecurity startups where cryptographic infrastructure is a core component. This technical lineage gives it an underwriting edge in diligence areas — certificate management, key lifecycle automation, zero-trust architecture — that generalist funds find difficult to assess.

What is the relationship between the investment arm and the operational software company?

In September 2020, Thoma Bravo acquired a majority stake in Venafi's operational machine identity platform business, valuing it at $1.15 billion. The investment activities may share brand identity but are legally distinct from the software operating company now backed by Thoma Bravo.

What stages and sectors does Venafi target?

Venafi targets early-stage and growth equity opportunities in enterprise software and cybersecurity. The firm focuses on identity infrastructure, cryptographic security, and adjacent technical domains. Later-stage investments may also be considered where the firm's domain expertise adds strategic value beyond capital.

Does Venafi co-invest alongside other venture firms or operate independently?

Venafi invests via direct venture and growth equity positions. Its specialized cybersecurity focus can attract co-investment interest from larger generalist funds seeking technical validation on crypto-identity deals, though specific co-investor relationships are not publicly documented in a systematic way.

Where does Venafi primarily invest geographically?

Venafi's investment activities center on North America, reflecting its Salt Lake City headquarters and the concentration of enterprise cybersecurity startups in US technology hubs. The firm may selectively consider opportunities in other developed markets where cryptographic infrastructure needs align with its domain thesis.

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