Venafi
Venafi pioneered machine identity management: a platform to discover, automate, and orchestrate the lifecycle of TLS certificates, SSH keys, code-signing certificates, and other cryptographic machine identities across on-premises, cloud, container, and Kubernetes environments. Headquartered in Salt Lake City, Utah, it serves Global 5000 enterprises in finance, manufacturing, technology, energy, retail, and healthcare. Thoma Bravo took a controlling stake in December 2020 at roughly $1.15B; CyberArk acquired Venafi for about $1.54B in October 2024; and Palo Alto Networks acquired CyberArk on February 11, 2026, making Venafi's platform part of Palo Alto Networks' identity and trust security portfolio.
Acquired
Venafi has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2004
Employees
201–500
Total Funding
$190M
4 rounds
Latest Valuation
$1.54B
Oct 1, 2024
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
2 signalsVenafi's certificate-lifecycle product line (TLS Protect Cloud / CyberArk Certificate Manager) relaunched as Palo Alto's Next-Generation Trust Security (NGTS), GA 2026-03-23.
Brand dilution risk: Venafi name increasingly absorbed into PANW product naming, though still widely used in the field.
Palo Alto Networks completed its acquisition of CyberArk on Feb 11, 2026, so Venafi — CyberArk-owned since Oct 2024 — is now an indirect PANW subsidiary.
Second change of control in 16 months; no standalone Venafi equity or secondary market exists.
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $190M across 4 rounds
Last updated 09-29-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 29, 2018 | Series D Press release | $100M | — | TCV |
| Jun 30, 2015 | Series C | $39M | — | QuestMark Partners, Silver Lake Waterman, Intel Capital |
| Aug 29, 2012 | Venture Round | $12M | — | Not disclosed |
Prominent Investors
Leadership
Jeff Hudson
CEO (Emeritus, post-acquisition)
Kevin Bocek
Chief Innovation Officer
Francois Delepine
Chief Financial Officer
Peter Bartok
Chief Technology Officer
Melissa Keohane
Chief Legal and People Officer
Elizabeth Ireland
Chief Marketing Officer
Brad Stratton
Chief Revenue Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Keyfactor
Private machine identity management and PKI-as-a-Service vendor; the most direct head-to-head competitor to Venafi, particularly in mid-market enterprise certificate lifecycle management.
DigiCert
Leading public CA and digital trust vendor offering DigiCert Trust Lifecycle Manager, which competes with Venafi for enterprise certificate issuance and lifecycle automation.
Sectigo
Public CA and certificate management vendor (Sectigo Certificate Manager) competing with Venafi for integrated CA + lifecycle management deployments.
AppViewX
Private CLM/PKI automation vendor (AVX ONE) competing with Venafi in multi-cloud certificate lifecycle and network automation workflows.
Entrust
Private digital security vendor offering certificate services and PKI that competes with Venafi for enterprise machine identity and TLS lifecycle workloads.
GlobalSign
CA and certificate automation vendor offering Atlas certificate lifecycle management; competes with Venafi for PKI and TLS automation deployments.
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