Atlassian, Snowflake, and Workday joined forces to back cybersecurity startup Veza in a $108 million funding round that values the company at over $800 million, according to CNBC. Snowflake has used Veza for two years to monitor employee access to data alongside its other cloud solutions. Veza allows administrators to manage employee and automated account access to corporate data, including approving or rejecting permissions for new hires and departures. Veza’s funding comes as traditional venture firms struggle with fewer startup exits and weaker returns amid inflation and higher interest rates.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Atlassian, Snowflake, and Workday joined forces to back cybersecurity startup VESA in a $108 million funding round that values the company at over $800 million, according to CNBC.
00:15Snowflake has used VESA for two years to monitor employee access to data alongside its other cloud solutions.
00:21VESA allows administrators to manage employee and automated account access to corporate data, including approving or rejecting permissions for new hires and departures.
00:30VESA's funding comes as traditional venture firms struggle with fewer startup exits and weaker returns amid inflation and higher interest rates.
00:38For all things money, visit Benzinga.com slash GSTV.