Venafi Expands Machine Identity Management Development Fund

Venafi, an inventor and provider of machine identity management, expanded its Machine Identity Management Development Fund to include the world’s leading universities including Carnegie Mellon University (CMU) and Oxford University.

The development fund initiative provides sponsorships for academic research and development into the critical controls and capabilities advancing state-of-the-art machine identity management. Launched in 2018 with $12.5 million, the Machine Identity Management Development Fund provides organizations’ developers with direct sponsorship from Venafi to accelerate machine identity management research and innovation that futureproof customer and industry success.

The development fund program provides direct sponsorship to university research teams and students investing in cutting-edge machine identity innovation. Research and development programs can focus on attack tactics and techniques and possible mitigations, as well as applied uses of machine identities, with a particular focus on identities for new types of machines, including those designed for cloud-native environments.

To kick off this development fund initiative, Venafi has partnered with Oxford University and CMU. Venafi is sponsoring a full Ph.D. program at Oxford to investigate machine identity management innovations and create new open-source solutions.

At CMU, Venafi sponsored master’s degree candidates in the Information Networking Institute’s Practicum as part of the College of Engineering. Students explored policy-as-a-code, governance, authentication and authorization in machine identity management open-source projects.

The outcomes of CMU and Oxford University projects will improve the industry’s ability to stop misuse and compromise of machine identities by cyber attackers and help organizations modernize their machine identity management programs to improve speed and agility, especially in the cloud.

Venafi is a cybersecurity market leader in identity and access management for machines. From the ground to the cloud, Venafi solutions manage and protect identities for all types of machines.

With more than 30 patents, Venafi delivers innovative solutions for the world’s most demanding, security-conscious organizations and government agencies, including the top five U.S. health insurers; the top five U.S. airlines; the top four credit card issuers; three out of the four top accounting and consulting firms; four of the five top U.S. retailers; and the top four banks in Australia, South Africa, the United Kingdom and the United States.

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