This new funding will allow us to advance our Next Generation Trust Protection platform to protect the rest of the Global 5000.
SLC-based Venafi has raised $39 million in funding from a group of investors including Intel Capital, Silver Lake Waterman, QuestMark Partners, Foundation Capital, Pelion Venture Partners, and Mercato Partners.
Known as the Immune System for the Internet, Venafi has taken cybersecurity to previously unforeseen heights, protecting cryptographic keys and digital certificates for the majority of prominent banks, retailers, and health insurance companies in the United States.
“From online banking and mobile applications to the Internet of Things, everything IP-based relies upon a key and certificate to create a trusted connection. As the Immune System for the Internet, Venafi secures this foundation of security that the global economy runs on,” Jeff Hudson, CEO of Venafi, said in a statement. “Unfortunately, we live in a world without trust today because there is no immune system to detect keys and certificates that do not belong and are being misused as the bad guys accelerate their attacks. Venafi already protects four out of the top five U.S. banks, eight of the top ten U.S. health insurance companies and four of the top seven U.S. retailers, all of whom rely on Venafi as mission-critical security to secure their keys and certificates from misuse. This new funding will allow us to advance our Next Generation Trust Protection platform to protect the rest of the Global 5000.”