"The internet today has a permissions problem. As non-humans - chatbots, AI agents and automated systems - have proliferated on the web, so has the need to provide them with credentials, permissions, and identities. That's one major reason identity and access management startups that help manage this new kind of digital workforce are raking in venture capital. Now, a 35-person Israeli-American startup called Venice is emerging from stealth with fresh cash"
"At its helm sits 31-year-old Rotem Lurie, whose path to entrepreneurship pretty much ticks every box on VCs' checklists. The daughter of two programmer parents in Israel (her mother was one of the country's first female software engineers), Lurie spent four-and-a-half years as a lieutenant in Unit 8200, Israel's elite intelligence corps, before joining Microsoft as a product manager working on what would become Defender for Identity."
Internet infrastructure faces a permissions problem as chatbots, AI agents and automated systems require identities, credentials and permissions. Identity and access management startups attract venture capital to solve this digital workforce need. Venice, a 35-person Israeli-American startup, emerged from stealth after raising $20 million in Series A led by IVP with Index Ventures participating earlier. Venice targets both cloud and on-premises environments to serve large enterprises running legacy systems alongside cloud infrastructure. Founder Rotem Lurie, 31, brings experience from Unit 8200, Microsoft product management on Defender for Identity, Axis Security and a stint at YL Ventures.
#identity-and-access-management #enterprise-security #cloud-and-on-premises-integration #startup-funding
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