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ServiceNow bought Veza for about $1.2 billion, substantially in cash, to fold its access-graph layer in as the identity tier of the ServiceNow platform. Veza, founded in 2020, built an authorization graph that maps who and what can act on data across human, machine, and AI identities, reaching past legacy identity governance into access reviews, lifecycle, and non-human and agent oversight. It grew to roughly 150 enterprise customers, with Blackstone running reviews across 60-plus applications, raised $235 million through a 2025 Series D at an $808 million valuation, and Gartner and KuppingerCole place it in the identity governance market. The deal books most of the price as goodwill rather than acquired technology.
| Description | Identity security platform built on the Access Graph, which maps who and what can take what action on data across human, machine, and AI identities. | [f1] |
|---|---|---|
| Acquisition | ServiceNow, announced 2025-12-02 | [f2] |
| Founded | 2020 | [f3] |
| HQ | Redwood Shores, CA | [f4] |
| Funding | $235M total | [f5] |
| Latest funding | Series D, $108M at $808M valuation (2025) | [f5] |
| Product | What it does |
|---|---|
| Veza Access Platform | Identity security platform powered by the Access Graph for access search, intelligence, automated access reviews, and identity lifecycle management across human and machine identities. |
| Veza AI Agent Security | Discovers AI agents and MCP servers across the enterprise, maps their access and human owners, and enforces least-privilege policies to reduce AI agent risk. |
| Veza NHI Security | Inventories non-human identities such as service accounts, keys, and secrets, assigns ownership, and detects expired credentials and over-permissioned accounts. |
| Veza Access AuthZ | Automates provisioning at the point of enforcement so every human or machine identity gets least-privilege access across connected systems. |
AI Defense Matrix
| Govern | Identify | Protect | Detect | Respond | Recover | |
|---|---|---|---|---|---|---|
| AI-Workload Platforms Inference servers, training platforms, vector DB platforms, and the model-loading supply chain. | ||||||
| AI Orchestration Tools Agentic orchestration tools, plus their plugins, skills, hooks, system prompts, scaffolding, harnesses, configuration settings, and MCP clients on user devices. | ||||||
| AI-Generated Code Code produced by AI tools, AI-assisted reviews, AI-generated infrastructure-as-code and tests, and vibe-coded apps that bypass CI/CD. | ||||||
| AI Gateways & Routers MCP proxies and gateways, LLM routers, outbound AI-service traffic, shadow AI egress, and model-registry traffic. | ||||||
| AI Model Model weights, fine-tuning checkpoints, model cards, registries, AIBOM, and the third-party LLMs your enterprise consumes. | ||||||
| Training Data Datasets used for training, fine-tuning, and continued learning. | ||||||
| Runtime AI Data User prompts, inference inputs, RAG content, vector DB content, persistent agent memory, and interaction history. | ||||||
| AI Agent Identities AI agents as non-human principals, plus credentials, keys, permission scopes, service accounts, and delegation chains across agents and tools. |
Veza AI Agent Security discovers AI agents and MCP servers across the enterprise, maps their access and human owners, and enforces least-privilege policies. It is mapped to the AI Defense Matrix. [f6]
Cyber Defense Matrix
| Identify | Protect | Detect | Respond | Recover | |
|---|---|---|---|---|---|
| Devices Workstations, servers, phones, tablets, storage, network devices, IoT infrastructure, and similar hardware. | |||||
| Applications Software, interactions, and application flows on the devices. | |||||
| Networks Connections and traffic flowing among devices and apps, plus communication paths. | |||||
| Data Content at rest, in transit, or in use across devices, apps, and networks. | |||||
| Users The people using the devices, apps, networks, and data. |
The Veza Access Platform inventories human and machine identities and their permissions, maps access to sensitive data, and enforces least privilege across enterprise systems. It is mapped to the Cyber Defense Matrix. [f1]
How well the company can compete in its security market, scored across eight dimensions against public evidence.
| Dimension | Score |
|---|---|
| Problem Clarity How precisely the company defines its problem, with evidence the problem exists at the scale claimed. | 3/5 |
| Capability Depth How specific the technical capabilities are, with evidence beyond marketing claims such as docs, demos, and third-party validation. | 3/5 |
| Market Timing Whether the market is ready for this product, with evidence that buyers are actively seeking solutions. | 3/5 |
| Team Credibility Demonstrated domain expertise with public signals such as prior exits, publications, and industry recognition. | 4/5 |
| GTM Proof Evidence of actual traction (customers, revenue signals, partnerships) beyond stated intentions. | 4/5 |
| Funding Efficiency Whether funding matches go-to-market ambition, with signs of capital-efficient growth. | 4/5 |
| Category Clarity Whether the company creates or fits a recognizable category that buyers can quickly place in their stack. | 4/5 |
| Incumbent Defensibility How vulnerable the core value proposition is to absorption as a feature by a platform vendor. | 3/5 |
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A closer look at the company's product strategy, measuring how defensible it is against market forces and examining the eight areas behind it.
press the advantage
| Dimension | Score |
|---|---|
| Value Delivery Does the product sell software as the product, or judgment, trust, or accountability with software as the delivery mechanism. | 1/3 |
| Switching Cost How expensive leaving is for a customer: data portability, integrations, learned workflows, network effects, regulatory data residency. | 3/3 |
| Compliance Moat Whether certifications, liability acceptance, or audit trails block an easy replacement. | 1/3 |
| Problem Complexity Whether the product requires ML, optimization, real-time systems, or years of specialized expertise. | 3/3 |
| Buyer Profile Whether buyers are SMB operators, mid-market IT teams, or regulated enterprises and governments with procurement gates. | 3/3 |
| Layer Whether the product is an end-user application, a platform with application features, or infrastructure other applications depend on. | 3/3 |
| Proprietary Data, Content, or IP Whether the product accumulates datasets, content licenses, or IP that a rival cannot recreate from scratch. | 1/3 |
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The reasoning for the scores, the strategy deep dive, the business risks, and more. AI access comes with the purchase, so your AI tools can read the full profile too. You keep 12 months of access.
One-time purchase: $20 per profile.
UnlockReading several? Unlock the entire catalog.
| Id | Source | Tier | Accessed |
|---|---|---|---|
| f1 | Veza Access Platform product page | official | 2026-06-25 |
| f2 | Veza press release announcing the ServiceNow acquisition | official | 2026-06-25 |
| f3 | Veza About Us, founding story | official | 2026-06-25 |
| f4 | Veza press release dateline | official | 2026-06-25 |
| f5 | SecurityWeek on the ServiceNow acquisition of Veza | press | 2026-06-25 |
| f6 | AI Defense Matrix Catalog mapping | other | 2026-06-25 |
| Id | Source | Tier | Accessed |
|---|---|---|---|
| s1 | Veza Access Platform product page “Only Veza enables identity and security teams to gain enterprise-wide visibility into who can take what action on what data.” | official | 2026-06-28 |
| s2 | Veza About Us: founders and founding story “(left to right) Tarun Thakur, CEO; Maohua Lu, CTO; Rob Whitcher, Chief Architect ... In early 2020, Tarun, Maohua, and Rob saw an evolutionary event coming in tech: The world's data was rapidly, irreversibly transitioning to the cloud.” | official | 2026-06-28 |
| s3 | Veza AI Agent Security product page “Discover all AI agents and MCP Servers across AWS Bedrock ... Microsoft Azure AI Foundry, Copilot Studio, ServiceNow ... Google Vertex AI; Salesforce Agentforce ... the OpenAI Agent Platform; and Claude Code ... mapped to NIST AI Risk Management Framework (AIRMF).” | official | 2026-06-28 |
| s4 | Veza customers: Blackstone access reviews “We're using Veza for access reviews and certifications with more than 700 reviewers. At this point, we've onboarded over 60 applications ... Streamlined compliance and least privilege at Sallie Mae ... Veza for Identity Security at Snowflake” | official | 2026-06-28 |
| s5 | Veza Trust and Security: SOC 2 and ISO 27001 certified “Veza has earned the widely-recognized SOC 2 and ISO 27001 certifications after rigorous and recurring third-party audits validating the design and operational effectiveness of our security and privacy controls.” | official | 2026-06-28 |
| s6 | Veza press release on the ServiceNow acquisition “Founded in 2020, Veza serves nearly 150 global enterprise customers in banking, hospitality, and fast-moving consumer goods (FMCG), with 230 employees globally.” | official | 2026-06-28 |
| s7 | Veza CEO: ServiceNow completed the acquisition of Veza “Super excited to share that ServiceNow has officially completed the acquisition of Veza.” | official | 2026-06-28 |
| s8 | SecurityWeek on the ServiceNow acquisition of Veza and its funding “earlier this year Veza Security raised $108 million in a Series D funding round that brought its valuation to $808 million. Veza emerged from stealth in 2022 and raised a total of $235 million.” | press | 2026-06-28 |
| s9 | SiliconANGLE: Veza reels in $108M for its identity security platform “New Enterprise Associates led the Series D round with participation from the venture capital arms of Salesforce Inc., Workday Inc. and Atlassian Corp. They were joined by more than a half-dozen other investors including Alphabet Inc.'s GV startup fund.” | press | 2026-06-28 |
| s10 | SiliconANGLE: Veza launches out of stealth with $110M in funding “Investors in the Series C round include Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners and True Ventures. Founded in 2020, Veza pitches itself as the first and only data security platform that is built on the power of authorization.” | press | 2026-06-28 |
| s11 | TechCrunch: Veza secures $15M from Capital One and ServiceNow “raised $15 million in a funding round led by Capital One Ventures and ServiceNow, valuing the company at $415 million. Bringing Veza's total raised to $125 million ... The three met at Thakur's previous company, Datos IO, which was acquired by Rubrik.” | press | 2026-06-28 |
| s12 | KuppingerCole (Nitish Deshpande): ServiceNow's Acquisition of Veza “Veza strengthens visibility, but it does not eliminate the governance gap ... Tying identity governance to ITSM magnifies the cost and effort of any future move. Any future platform change becomes larger, riskier, and more expensive.” | research | 2026-06-28 |
| s13 | ServiceNow Form 10-Q (Q1 FY2026): Veza business combination “On March 2, 2026, we acquired all outstanding shares of Veza Technologies, Inc. ... for approximately $1.2 billion, substantially in cash ... Goodwill 826 ... Developed technology $ 190 ... Customer relationships 150 ... Net assets acquired $ 1,237” | regulatory | 2026-06-28 |
| s14 | Veza recognized in the 2025 Gartner Market Guide for Identity Governance and Administration “Veza, the identity security company, today announced its inclusion as a Representative Vendor in the 2025 Gartner Market Guide for Identity Governance and Administration (IGA) ... Global enterprises like Wynn Resorts, Expedia, and Blackstone trust Veza to manage identity security use cases.” | official | 2026-06-28 |
| Id | Source | Tier | Accessed |
|---|---|---|---|
| s1 | Veza Access Platform product page “Only Veza enables identity and security teams to gain enterprise-wide visibility into who can take what action on what data.” | official | 2026-06-28 |
| s2 | Veza About Us: founders and founding story “(left to right) Tarun Thakur, CEO; Maohua Lu, CTO; Rob Whitcher, Chief Architect ... In early 2020, Tarun, Maohua, and Rob saw an evolutionary event coming in tech: The world's data was rapidly, irreversibly transitioning to the cloud.” | official | 2026-06-28 |
| s3 | Veza AI Agent Security product page “Discover all AI agents and MCP Servers across AWS Bedrock ... Microsoft Azure AI Foundry, Copilot Studio, ServiceNow ... Google Vertex AI; Salesforce Agentforce ... the OpenAI Agent Platform; and Claude Code ... mapped to NIST AI Risk Management Framework (AIRMF).” | official | 2026-06-28 |
| s4 | Veza customers: Blackstone access reviews “We're using Veza for access reviews and certifications with more than 700 reviewers. At this point, we've onboarded over 60 applications ... Streamlined compliance and least privilege at Sallie Mae ... Veza for Identity Security at Snowflake” | official | 2026-06-28 |
| s5 | Veza Trust and Security: SOC 2 and ISO 27001 certified “Veza has earned the widely-recognized SOC 2 and ISO 27001 certifications after rigorous and recurring third-party audits validating the design and operational effectiveness of our security and privacy controls.” | official | 2026-06-28 |
| s6 | Veza press release on the ServiceNow acquisition “Founded in 2020, Veza serves nearly 150 global enterprise customers in banking, hospitality, and fast-moving consumer goods (FMCG), with 230 employees globally.” | official | 2026-06-28 |
| s7 | Veza CEO: ServiceNow completed the acquisition of Veza “Super excited to share that ServiceNow has officially completed the acquisition of Veza.” | official | 2026-06-28 |
| s8 | SecurityWeek on the ServiceNow acquisition of Veza and its funding “earlier this year Veza Security raised $108 million in a Series D funding round that brought its valuation to $808 million. Veza emerged from stealth in 2022 and raised a total of $235 million.” | press | 2026-06-28 |
| s9 | SiliconANGLE: Veza reels in $108M for its identity security platform “New Enterprise Associates led the Series D round with participation from the venture capital arms of Salesforce Inc., Workday Inc. and Atlassian Corp. They were joined by more than a half-dozen other investors including Alphabet Inc.'s GV startup fund.” | press | 2026-06-28 |
| s10 | SiliconANGLE: Veza launches out of stealth with $110M in funding “Investors in the Series C round include Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners and True Ventures. Founded in 2020, Veza pitches itself as the first and only data security platform that is built on the power of authorization.” | press | 2026-06-28 |
| s11 | TechCrunch: Veza secures $15M from Capital One and ServiceNow “raised $15 million in a funding round led by Capital One Ventures and ServiceNow, valuing the company at $415 million. Bringing Veza's total raised to $125 million ... The three met at Thakur's previous company, Datos IO, which was acquired by Rubrik.” | press | 2026-06-28 |
| s12 | KuppingerCole (Nitish Deshpande): ServiceNow's Acquisition of Veza “Veza strengthens visibility, but it does not eliminate the governance gap ... Tying identity governance to ITSM magnifies the cost and effort of any future move. Any future platform change becomes larger, riskier, and more expensive.” | research | 2026-06-28 |
| s13 | ServiceNow Form 10-Q (Q1 FY2026): Veza business combination “On March 2, 2026, we acquired all outstanding shares of Veza Technologies, Inc. ... for approximately $1.2 billion, substantially in cash ... Goodwill 826 ... Developed technology $ 190 ... Customer relationships 150 ... Net assets acquired $ 1,237” | regulatory | 2026-06-28 |
| s14 | Veza recognized in the 2025 Gartner Market Guide for Identity Governance and Administration “Veza, the identity security company, today announced its inclusion as a Representative Vendor in the 2025 Gartner Market Guide for Identity Governance and Administration (IGA) ... Global enterprises like Wynn Resorts, Expedia, and Blackstone trust Veza to manage identity security use cases.” | official | 2026-06-28 |
| s15 | Veza NHI Security product page “Gain full visibility and control over your Non-Human Identities (NHIs) with Veza. Create a complete inventory of service accounts, keys, and secrets.” | official | 2026-06-28 |
| s16 | Veza Access AuthZ product page “Through Veza's Open Authorization API (OAA) framework, organizations can automate provisioning and deprovisioning everywhere, using one unified model integrated with Veza's Access Graph for complete visibility, context, and auditability.” | official | 2026-06-28 |
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