Venice Security Raises $33M for Adaptive Privileged Access Platform

The Tel Aviv and New York-based startup aims to modernize privileged access management for enterprises navigating complex, AI-driven environments.

Published on Feb. 23, 2026

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Venice Security, formerly known as Valkyrie, has officially launched with $33 million in total funding, including a $25 million Series A round led by IVP. The company is focused on transforming how enterprises manage high-risk access points across cloud, SaaS, on-premises, and AI-powered systems. Venice's platform provides real-time, zero-standing-privilege control over sensitive systems, granting access only when required and removing it immediately once it's no longer needed.

Why it matters

Privileged access management has become increasingly complex as enterprises now manage tens of thousands of human, machine, and AI identities across distributed cloud and SaaS environments. With 86% of breaches involving stolen or compromised credentials, Venice argues that a real-time, adaptive access model is essential to mitigate the growing risks posed by persistent, high-level access.

The details

Founded by cyber-intelligence veterans Rotem Lurie and Or Vaknin, Venice's platform operates without agents, proxies, or heavy deployment requirements, offering a unified view of sensitive access across human, machine, and AI-driven identities. Rather than relying on static permissions and vault-based architectures, Venice's system discovers identities and entitlements across hybrid environments and grants access only when required, removing it immediately once it's no longer needed.

  • Venice Security officially launched in February 2026.

The players

Venice Security

A Tel Aviv and New York-based startup that aims to modernize privileged access management for enterprises navigating complex, AI-driven environments.

Rotem Lurie

Co-founder and CEO of Venice Security, previously served as head of product at Axis Security and was recognized on the Forbes 30 Under 30 list.

Or Vaknin

Co-founder of Venice Security, was part of the founding teams at Transmit Security and Flow Security.

IVP

The venture capital firm that led Venice Security's $25 million Series A round.

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What they’re saying

“The way organizations manage access isn't keeping up with how business operates today. Teams move faster, environments shift constantly, and AI is accelerating operations across the enterprise and threat actors. Access control needs to match that tempo. Venice is on a mission to provide real-time access, granted only when required, and removed the moment it's not. We appreciate the support of our investors as we bring this needed approach to the market.”

— Rotem Lurie, Co-Founder And CEO, Venice Security

“What stood out about Rotem and her team was their clarity of mission. Enterprises can't rely on static access in a world where identities shift by the second, and AI is accelerating the speed at which attackers exploit privileged access. Venice's adaptive system will set a new standard for how global organizations operate and protect themselves.”

— Cack Wilhelm, General Partner, IVP

The takeaway

Venice Security's adaptive privileged access platform aims to address the growing risks posed by persistent, high-level access in modern, AI-driven enterprise environments by providing real-time, zero-standing-privilege control over sensitive systems.