Venice secures $33m to modernise enterprise access

February 19, 2026

Venice, an adaptive privileged access platform formerly known as Valkyrie, has launched with $33m in total funding, including a $25m Series A, to modernise enterprise privileged access management for the AI era.

The Series A round was led by IVP, with backing from Index Ventures, Vine Ventures, Holly Ventures and angel investors.

Venice’s platform removes standing access by default, uncovering and controlling privileges across human, machine and AI-driven identities. It grants access only when required and revokes it immediately after use.

The company already works with Fortune 500 enterprises across finance, media, hospitality, manufacturing, healthcare and technology, claiming to have reduced standing privileges by 99%. Venice operates from Tel Aviv and New York, with women representing 40% of its team.

Founded by Rotem Lurie, CEO and former head of product at Axis Security, and Or Vaknin, CTO and previously part of the founding teams at Transmit Security and Flow Security, Venice delivers real-time access control across cloud, SaaS, on-prem and AI-driven environments. The agentless platform enables enterprises to manage sensitive access at scale while maintaining operational speed.

Rotem Lurie, co-founder and CEO of Venice, said, “The way organisations 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.”

Cack Wilhelm, General Partner at IVP, said, “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.”

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