CyberArk acquires Venafi (2024)
Identity vendor CyberArk agreed to buy Venafi, a machine-identity specialist, for about $1.54 billion. Venafi managed the certificates and keys that secure machine-to-machine communication. The deal targeted the same blind spot SailPoint now chases: credentials that belong to software, not people.
CyberArk folded Venafi's certificate management into its core privileged-access platform.
The deal signaled that machine identity had become a category worth billions, not a niche feature.
It is the clearest recent precedent for a large identity vendor buying a machine-credential startup to round out its platform.
