New PAM solution designed for AI, cloud era

SiliconANGLE reports that Venice Security has emerged from stealth with $33 million in total funding, including a $25 million Series A led by IVP, to provide an adaptive privileged access management platform designed for the speed of modern cloud and AI-driven environments.

Co-founder and CEO Rotem Lurie stated that traditional PAM, built on password vaults and slow approvals, is failing because "teams move faster, environments shift constantly, and AI is accelerating operations across the enterprise and threat actors."

The platform aims to deliver real-time, ephemeral access that is granted only when required and removed the moment it's not, implementing the principle of least privilege to reduce credential theft and data leakage. This approach addresses the reality that large enterprises now manage tens of thousands of human, machine, and AI identities across cloud and SaaS environments.

As attackers leverage AI to build sophisticated, human-mimicking attacks, Venice argues that access control must match that tempo. The funding will accelerate product development and support global enterprise adoption as organizations grapple with securing the "master key" of privileged access in an era of unprecedented technological change.