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HomeFunding Israel-Based Clutch Security has Secured $8.5 Million in Seed Round Funding

[FUNDING NEWS] Israel-Based Clutch Security has Secured $8.5 Million in Seed Round Funding

Israeli Universal Non-Human Identity (NHI) security platform Clutch Security raised $8.5m in Seed funding.

The investment round headed by Lightspeed Venture Partners included participation from Merlin Ventures, CCL (Cyber Club London), as well as angel investors and industry veterans like Armon Dadgar, co-founder and CTO of HashiCorp, and Shlomo Kramer, co-founder of Check Point, Imperva, and Cato Networks, and Nir Polak, Founding Investor, co-founder, chairman of the board, and former CEO at Exabeam.

The company plans to use the money to hire more people and reach a wider audience with its product.

Under the leadership of CEO Ofir Har-Chen, Clutch offers an all-inclusive solution that gives security teams total access over all NHI types throughout the whole enterprise. With the help of the platform’s comprehensive yet straightforward Identity LineageTM visualisation, security professionals can comprehend which NHIs are out there, their entire context, and the threats that come with them.

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It delivers full NHI security and management capability, including the ability to identify risks, prioritise them according to their severity and business impact, and create customised proactive remediation playbooks to successfully handle problems that are found.

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The firm quickly detects any suspicious or anomalous behaviour related to NHI and enables prompt response and incident resolution. It also integrates with existing security workflows to safeguard enterprises against potential breaches.

Additionally, it makes special Zero Trust safeguards possible, enabling businesses to proactively mitigate threats.

About Clutch Security

Clutch Security addresses the growing need for non-human identity security in modern companies. The administration and security of non-human identities—from API keys and secrets to tokens and service accounts—has become a crucial but frequently overlooked part of cybersecurity as digital infrastructures grow. Clutch is creating an enterprise platform to safeguard and manage these identities to fill this need.

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