Blog

At Norwest, we look to partner with founders who are solving hard problems with vision and discipline. From our earliest conversations with the Veza team, it was clear they were building something essential for the future of cybersecurity.

As the company’s largest shareholder, we have had the privilege of supporting the team from its Series A through every chapter of growth, including its Series D earlier this year. Along the way, we have seen the team create something extraordinary.

By applying their backgrounds in database management, Veza’s founders reimagined a new approach to an entrenched problem of identity. They developed a platform that brought unprecedented clarity to access visibility, helping organizations of all sizes operate securely in a cloud-first world.

We are honored to have served as a thought partner throughout the Veza journey — early-stage companies are often fragile, and the path is rarely linear, which made the collaboration even more fulfilling. Our shared mindset of “earning the right” as it related to product expansion, hiring, and customer introductions was very impactful. Through it all, the Veza team executed with precision and scaled thoughtfully and proved how mission-critical identity authorization is to the modern enterprise.

In Veza co-founder and CEO Tarun Thakur’s words, “Identity used to be an IT function, but it has now become the leading battleground of cybersecurity, with almost every breach linked to credential abuse.”

Enterprises are drowning in millions of permissions and entitlements, many of which are unmanaged, misunderstood, or completely invisible. This complexity is nearly impossible to manage and control with legacy tools and is only accelerating with the adoption of Gen AI and Agentic AI.

Veza’s industry-first approach is rooted in the principle of least privilege. By assembling all access permissions, authorization data, and activity into a unified data model, Veza enables customers to make fast, intelligent decisions that reduce risk and enforce least privilege.

This approach has resonated deeply with customers. Today, Veza is trusted by nearly 200 leading organizations in banking, hospitality and consumer goods including Blackstone, Crowdstrike, Expedia, Snowflake, and SoFi to manage identity security use cases.

Today, we are delighted to share that ServiceNow announced a definitive agreement to acquire Veza. ServiceNow has been a strong go-to-market partner and an engaged investor. From the involvement of ServiceNow President, CPO and COO, Amit Zavery to the consistent support of the ServiceNow Ventures team, it’s clear that Veza is entering the right long-term home to carry this mission forward.

This is a pivotal moment not only for the company but for the broader cybersecurity ecosystem. With ServiceNow’s reach and resources, Veza’s impact will only grow. After this transaction closes, Veza’s identity visibility, intelligence & governance capabilities will be incorporated into ServiceNow’s security portfolio.

To Tarun, Maohua, Rob, and team, thank you for your partnership. It has been a privilege to work alongside you and we are excited to see what the next chapter brings.

— Dave Zilberman and The Norwest Team