About Varonis
Varonis is a company based in Herzliya (Israel) founded in 2003. It operates as a SaaS (Software-as-a-Service), and Managed Services. Varonis has raised $18.65 million across 5 funding rounds from investors including Accel, Dell EMC and Evergreen Venture Partners. The company has 2,410 employees as of December 31, 2024. Varonis has completed 3 acquisitions, including Cyral, Polyrize and SlashNext. Varonis offers products and services including Data Security Platform, Data Discovery & Classification, Data Security Posture Management (DSPM), Data Loss Prevention (DLP), and AI Security. Varonis operates in a competitive market with competitors including Rubrik, Tenable, BigID, Druva and Open Raven, among others.
- Headquarter Herzliya, Israel
- Employees 2410 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Varonis Systems, Inc.
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Annual Revenue
$550.95 M10.38as on Dec 31, 2024
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Net Profit
$-95.77 M5.1as on Dec 31, 2024
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EBITDA
$-95.68 M20.11as on Dec 31, 2024
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Total Equity Funding
$18.65 M (USD)
in 5 rounds
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Latest Funding Round
$220 M (USD), Post-IPO
May 07, 2020
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Investors
Accel
& 3 more
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Employee Count
2410
as on Dec 31, 2024
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Investments & Acquisitions
Cyral
& 2 more
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IPO & Listings of Varonis
Varonis is a publicly listed company on the NASDAQ with ticker symbol VRNS in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Varonis
Varonis offers a comprehensive portfolio of products and services, including Data Security Platform, Data Discovery & Classification, Data Security Posture Management (DSPM), Data Loss Prevention (DLP), and AI Security. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Critical data is found and protected automatically by platform.
Sensitive data is discovered and classified with precision.
Data security posture is improved through automated remediation.
Data exfiltration is prevented with active monitoring solutions.
AI data access is monitored to prevent exposure.
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Software Development Team
150 people
Sales and Marketing
96 people
Leadership Team
49 people
Enterprise Team
30 people
Senior Team
26 people
Human Resources and Administration
22 people
Devops Team
21 people
Commercial Team
13 people
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Funding Insights of Varonis
Varonis has successfully raised a total of $18.65M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $220 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $220.0M
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First Round
First Round
(22 Jan 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Post-IPO - Varonis | Valuation |
investors |
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| Feb, 2012 | Amount | Series B - Varonis | Valuation |
investors |
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| Mar, 2011 | Amount | Series B - Varonis | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Varonis
Varonis has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Accel, Dell EMC and Evergreen Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Israeli companies across sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Varonis
Varonis has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Cyral, Polyrize and SlashNext. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Solutions for cloud data security
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2018 | ||||
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An authorization platform for SaaS and IaaS is provided.
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2018 | ||||
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Cloud based network traffic analytics and threat detection platform
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Varonis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varonis Comparisons
Competitors of Varonis
Varonis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rubrik, Tenable, BigID, Druva and Open Raven, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
Predictive vulnerability assessments are delivered via cloud-based monitoring.
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| domain | founded_year | HQ Location |
Cloud-based platform for data privacy management software is provided.
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| domain | founded_year | HQ Location |
Enterprise data is protected across cloud, SaaS, and devices.
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| domain | founded_year | HQ Location |
Data security software is provided to prevent cybercrime.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Varonis
Frequently Asked Questions about Varonis
When was Varonis founded?
Varonis was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Where is Varonis located?
Varonis is headquartered in Herzliya, Israel. It is registered at Herzliya, Central District, Israel.
Is Varonis a funded company?
Varonis is a funded company, having raised a total of $18.65M across 5 funding rounds to date. The company's 1st funding round was a Series B of $2.5M, raised on Jan 22, 2009.
How many employees does Varonis have?
As of Dec 31, 2024, the latest employee count at Varonis is 2,410.
What is the annual revenue of Varonis?
Annual revenue of Varonis is $550.95M as on Dec 31, 2024.
What does Varonis do?
Varonis is established as a leader in data security, offering a comprehensive SaaS platform to automatically discover, classify, and protect critical data. Exposure risks are remediated, and threats are stopped across cloud, hybrid, and on-premises environments. Solutions are provided for insider risk management, ransomware prevention, compliance, email security, and AI security. Industries such as finance, healthcare, manufacturing, and government are served with tailored data protection packages for Microsoft 365, SaaS apps, cloud infrastructure, and databases. Integration with major platforms like AWS, Azure, and Google Cloud is supported to ensure broad coverage.
Who are the top competitors of Varonis?
What products or services does Varonis offer?
Varonis offers Data Security Platform, Data Discovery & Classification, Data Security Posture Management (DSPM), Data Loss Prevention (DLP), and AI Security.
Is Varonis publicly traded?
Yes, Varonis is publicly traded on NASDAQ under the ticker symbol VRNS.
How many acquisitions has Varonis made?
Who are Varonis's investors?
Varonis has 4 investors. Key investors include Accel, Dell EMC, Evergreen Venture Partners, and Pitango.
What is Varonis's ticker symbol?
The ticker symbol of Varonis is VRNS on NASDAQ.
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