This is a momentous day for Venafi. Today, during our Machine Identity Protection Live event, we announced the first three developers sponsored by the Machine Identity Management Development Fund.
At Machine Identity Protection Live, we named the first three developers to receive sponsorships:
Venafi has designated the first $12.5 million tranche of the fund to provide developers with direct sponsorship from Venafi to help accelerate the delivery of comprehensive management and protection for all machine identities.
“The Machine Identity Management Development Fund is the next logical step for cybersecurity,” said Kevin Bocek, vice president of security strategy and threat intelligence for Venafi. “While we spend over $8 billion protecting the identities of humans on our networks, we invest very little in time, resources and money to safeguard the identities of machines, especially those used in the cloud, in DevOps environments and on IoT devices.”
Bocek continues: “As the volume, velocity, variety and volatility of machines continue to increase, the need for comprehensive machine identity management grows exponentially. By providing developers with direct sponsorship, Venafi is accelerating the rate at which these complex problems are solved for the Global 5000 and, at the same time, expanding their strong, thriving partner ecosystem.”
Venafi will use the Machine Identity Management Development Fund to sponsor a range of developers, including consultants, systems integrators, fast-moving start-ups, open-source developers and other cybersecurity vendors. Funded developers will create integrations that ensure every new machine identity is automatically updated in the Venafi Platform.
The Machine Identity Management Development Fund encourages recipients to build integrations that deliver greater visibility, intelligence and automation across any technology that creates or consumes machine identities including:
Bocek concludes: “This is not a referral program to venture capital or private equity firms. Venafi is funding the program in an effort to move the industry forward quickly and deliver solutions to the most important security problems enterprises face today. The fund will help future-proof machine identity management, enabling a continuous pipeline of new machine identity solutions that will reduce risks and protect the Global 5000.”
To find out more about the Venafi Machine Identity Management Development Fund and how you can become a funded developer, please click here.