Veza Launches AI-Powered Identity Security Solution, Secures Investment from J.P. Morgan

Identity security company Veza has launched Access AI, a groundbreaking tool that leverages generative AI technology to address the complex challenges of enterprise access management. Alongside this launch, Veza has secured a significant investment from global financial services leader J.P. Morgan, further validating their innovative approach to cybersecurity.

"Two years ago we changed the game in identity access with our Access Graph, and now we are doing it again with Access AI," said Tarun Thakur, co-founder and CEO of Veza. "Veza is the first company to apply AI to manage and secure entitlements across SaaS systems, cloud data systems, identity systems, and infrastructure services."

Access AI offers a sophisticated, AI-powered interface that enables security and identity teams to efficiently manage access rights. Key capabilities include understanding natural language queries about entitlements, comprehending access patterns for both human and non-human identities, recommending roles aligned with least privilege principles, identifying and flagging excessive or dormant permissions, and automating the creation of ITSM tickets with detailed remediation instructions.

The urgency of such solutions is underscored by recent industry data. According to the Identity Defined Security Alliance, a staggering 90% of organizations experienced identity-related incidents in the past year, with 84% reporting direct business impacts. In response, companies are increasingly investing in advanced security processes such as Access Entitlements Management, Identity Security Posture Management (ISPM), and Identity Threat Detection and Response (ITDR).