Venice Security has officially stepped out of stealth mode, having secured $33 million in funding to advance its Privileged Access Management (PAM) solutions. Previously known as Valkyrie, the company has repositioned itself to focus on PAM, a critical area within modern cybersecurity infrastructure.
Breaking Down the $33M Funding Round
Venice Security’s total funding includes $25 million raised through a Series A round, reflecting growing investor confidence in the company’s direction within the cybersecurity market. Privileged Access Management continues to gain momentum as organizations place greater priority on protecting sensitive data and defending systems from unauthorized access. The funding signals that the PAM sector remains an area of strong interest for investors, particularly as cyber threats grow more targeted and persistent.
Privileged Access Management is Becoming a Security Priority
PAM is a foundational component for organizations working to control who can access critical systems and sensitive data. As threat actors increasingly target privileged credentials to move laterally through networks, robust access management has shifted from a best practice to a necessity. Effective PAM systems reduce exposure by enforcing strict access controls, monitoring privileged sessions, and limiting the blast radius when a breach occurs.
Venice Security intends to use its newly secured capital to develop and refine PAM solutions designed to address the access management challenges that enterprises face today. The company’s approach targets gaps that remain in traditional PAM deployments, which often struggle to keep pace with cloud-based infrastructure and distributed workforces.
Venice Security’s Transition From Valkyrie Reflects a Sharpened Mission
Originally founded under the name Valkyrie, the company has rebranded to Venice Security to better reflect its specialized focus on privileged access management. The name change is more than cosmetic — it marks a deliberate shift in the company’s identity and strategic direction, grounding its mission in the specific access control problems that security teams are navigating across industries.
By stepping out of stealth with substantial backing, Venice Security enters the PAM market at a time when demand for effective access control tools is accelerating. The $33 million in funding provides the resources needed to scale operations, grow its team, and deliver solutions capable of meeting the demands of complex enterprise environments.
The company’s emergence reinforces a broader trend of increased investment in identity and access management as organizations look to reduce their attack surface and harden defenses against credential-based threats.
