Startup Venice, previously known as Valkyrie, has raised $25 million in a Series A funding round. The round was led by U.S.-based investment firm IVP, with support from Index Ventures, Vine Ventures, and Holly Ventures.
Several angel investors also joined the round, including Assaf Rappaport, Raz Herzberg, Dor Knafo, Gil Azrielant, and the founders of Descope. Before this, the company had already raised $8 million in a Seed funding round.
Venice builds identity security software that tracks and manages who has access across an entire organization. Its system helps remove permanent access to sensitive data, reducing security risks.
The platform gives companies one clear and consistent way to control access for employees, contractors, machines, and even AI systems. It makes sure that access is given only to authorized users and only for the specific time it is needed.
Rotem Lurie, CEO and co-founder of Venice, said the company is focused on transforming how organizations manage permissions.
“We help organizations manage permissions so that everyone has the access they need, exactly when they need it,” she said. “We are shifting from a static permissions model to a dynamic one. That enables customers to work faster and more efficiently.”
“For years, companies assumed the root of identity security was making access as convenient as possible,” she said. “But what has changed is the scale and dynamism of modern environments. Humans can manage things manually, but organizations operating at today’s speed, especially with AI agents, need systems that can handle constant change.”
“We are formally launching the company now, two years after founding it, with a very mature and deeply built product, not something developed quickly in the cloud,” Lurie said. “We were not afraid to go deep and secure environments beyond just cloud systems, including older, legacy infrastructures.”
Venice was founded in 2024 by Lurie, who serves as CEO, and Or Vaknin, the CTO. The two first met while serving in intelligence units of the Israel Defense Forces (IDF).
After his military service in Unit 8200, Vaknin joined the founding teams of Transmit Security and Flow Security, which was later acquired by CrowdStrike.
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