Israeli Cybersecurity Firm Clutch Secures $20 Million in Series A Funding
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Clutch Security Co-Founders (L-R): Ofir Har-Chen (CEO), Sagi Haas (CTO), and Tal Kimhi (VP R&D)
Israeli cybersecurity startup Clutch Security has raised $20 million in a Series A funding round led by SignalFire, with participation from Lightspeed Venture Partners and Merlin Ventures. This brings the company’s total funding to $28.5 million.
Founded in late 2023, Clutch Security specializes in securing non-human identities—digital entities like API keys, tokens, and service accounts, which have become prime targets for cyberattacks. Unlike traditional security models that focus on human identities, Clutch’s platform is built on a Zero Trust architecture, eliminating static credentials and reducing vulnerabilities.
The fresh funding will accelerate Clutch’s market expansion, R&D initiatives, and workforce growth. The company, which currently employs 30 staff across Tel Aviv and the U.S., plans to expand to 40 employees by year-end.
"Securing non-human identities is essential to protecting an organization's digital infrastructure," said Shay Michel, managing partner at Merlin Ventures.
Source: CTech
Clutch Security
Clutch is addressing the increasingly critical challenge of non-human identity security within modern enterprises, by developing an enterprise platform dedicated to the comprehensive protection and management of these identities.
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