By Connie Loizos
Publication Date: 2026-02-18 15:00:00
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 and a pretty plucky claim: that it’s already replacing industry stalwarts like CyberArk and Okta at Fortune 500 companies.
Venice, founded just over two years ago, says it raised $20 million in Series A funding in December, led by IVP, with participation from Index Ventures, which led its earlier seed round.
Unlike many of its well-funded rivals – which include Persona (raised a $200 million Series D last April), Veza (closed a $108 million Series D in May 2025), and…
