ORIX Growth Capital Announces Investment in Venafi

August 3rd, 2017

Salt Lake City—ORIX Growth Capital announced Tuesday that it has completed an investment in Salt Lake-based Venafi Inc., the industry pioneer and leading provider of machine identity protection. Venafi provides its Global 5000 enterprise customers the ability to orchestrate the complete life cycle of all machine identity types, including TLS/SSL and SSH keys, and code-signing certificates.

“Inactive, stolen or compromised digital credentials have become major enterprise security threats,” said Joel Gragg, Managing Director at ORIX Growth Capital. “Venafi makes it possible for organizations to identify every machine on their extended networks and on the internet, and then use this data to control and authorize machine-to-machine communications. Their market leadership is evidenced by their growth and impressive customer base, which includes 50 of the Fortune 200 companies as well as many of the most security-conscious organizations in the world.”

Just as usernames and passwords are used to identify people, keys and certificates are used to identify and authenticate machines. And like usernames and passwords, if keys and certificates are not properly secured and protected, attackers are able to infiltrate and compromise the devices and services that run our global economy.

To protect machine-to-machine communications, each machine must have a unique identity that is protected with the same rigor and precision used to protect the online identities of humans. Today, organizations spend over $7 billion protecting usernames and passwords for humans, but they spend almost nothing protecting machine identities.

“Machine identities are high-value targets for cyberattackers and malicious insiders but, despite their fundamental role in cybersecurity, they are one of the least understood and least protected parts of enterprise IT infrastructures,” said Jeff Hudson, CEO of Venafi. “The exponential growth of devices, applications, cloud workloads, virtual machines and containers is exposing organizations to new threats that aren’t addressed by existing security solutions. Venafi is uniquely focused on solutions that address these critical challenges while reducing cybersecurity risk and supporting regulatory, legal and operational requirements. We are delighted to have ORIX as a partner at our side supporting our growth.”


Utah Business Magazine

Get Email Updates

  • Subscribe to get the latest UTC news.

Follow Us

Blog Favorites

Check out Silicon Slopes’ latest feature on our Hall of Fame Inductee, Amy Rees Anderson! 

Photo Courtesy of Deseret News   “On the evening of November 10, REES Capital Managing Partner Amy Rees Anderson will be inducted to the UTC Hall of Fame alongside Pluralsight CEO Aaron Skonnard and Overstock CEO Patrick Byrne. At age 17, Anderson arrived in Utah as a BYU freshman. Armed with her first checkbook, she quickly bounced enough […]

Silicon Slopes Feature – Microsoft CEO Satya Nadella Is Coming To Utah

We are excited to announce that today marks the first of UTC’s Silicon Slopes Feature Series, where Silicon Slopes will give an inside scoop on all things Hall of Fame!  Check out their post below! Every year, one world-renowned tech CEO is chosen to speak at the Utah Technology Council’s Hall of Fame Gala, a celebration […]

Honoring our 2017 Hall of Fame Inductees

We are excited to announce that we will induct three tech industry leaders into our Hall of Fame. Aaron Skonnard, Amy Rees Anderson and Patrick Byrne will be honored at the UTC Hall of Fame Celebration which will be held at the Salt Palace Convention Center in Salt Lake City on November 10, 2017. The […]