Venice Security on Wednesday emerged from stealth mode with $33 million in funding for its adaptive enterprise privileged access management platform. The company, formerly named Valkyrie, has operations in Tel Aviv and New York. It focuses on eliminating standing privilege by default to enhance security in complex enterprise settings. The total investment includes a recent $25 million Series A funding round led by IVP, with participation from Index Ventures, Vine Ventures, Holly Ventures, and angel investors. Venice Security offers a platform that provides unified control over access points in hybrid environments, including cloud, on-premises, and SaaS systems. The system discovers identities and entitlements, granting access only when required and revoking it immediately after. It…