Venafi, a cybersecurity company based in Salt Lake City, has raised a total of $190 million in funding and achieved a valuation of $1.15 billion as of December 2020. Founded in 2000, Venafi develops machine identity management solutions that automate the deployment and protection of encryption keys and digital certificates across enterprise systems. The company’s investors include Thoma Bravo, TCV, and QuestMark Partners. Venafi’s most recent Series D round in 2020 marked its unicorn milestone, reflecting its critical role in enterprise security and automated digital trust infrastructure.