Identity is quickly becoming the front line in cybersecurity, and Veza, a San Francisco-based startup, is betting big on that shift.

The company just announced a $108 million Series D funding round, bringing its total funding to $235 million since launching in 2020. The round was led by New Enterprise Associates (NEA), with continued support from Accel, GV (Google Ventures), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments.

The company’s valuation now stands at $808 million, a clear signal that investors see rising urgency in fixing how organizations manage access across sprawling SaaS and cloud environments.

Veza’s platform is designed to map, visualize, and enforce data permissions across enterprise cloud and SaaS ecosystems. At its core is a unified model of permissions and access events, giving security teams a real-time, granular view of who has access to what, and why.

CEO Tarun Thakur describes identity as the primary battleground in modern cybersecurity, pointing to a sharp rise in breaches tied to credential abuse. He argues that traditional identity and access management tools, built for on-premise systems, are no longer enough for today’s cloud-first enterprises.

Veza’s approach is gaining traction with organizations struggling to protect data across diverse, cloud-native environments. Rather than rely on siloed access controls, the platform offers a centralized view that enables faster, more accurate access decisions.

With this new funding, Veza is well-positioned to scale its identity security offerings as companies continue shifting workloads to the cloud—and face growing threats that target identity as the weakest link.