Clutch Security: Pioneering the Future of Non-Human Identity Security with Series A Funding

Deal News | Jan 29, 2025 | Signalfire Management Services

Clutch Security: Pioneering the Future of Non-Human Identity Security with Series A Funding

SignalFire Management Services has led a $20 million Series A funding round for Clutch Security, a company specializing in non-human identity (NHI) security. As enterprises shift toward treating identities as pivotal security perimeters, the emergence of NHIs—critical assets like API keys, service accounts, and tokens—has raised fundamental new vulnerabilities, as attackers no longer need to hack in if they can log in via these underestimated backdoors. Clutch Security, in collaboration with Lightspeed Venture Partners and Merlin Ventures, intends to address this challenge through a universal security platform that provides visibility, monitoring, and lifecycle management of NHIs. This innovative solution supports a Zero Trust approach, ensuring real-time asset tracking and reducing risks of exploitation by espousing ephemeral, auto-expiring identities over static ones. Under the leadership of cybersecurity veterans CEO Ofir Har-Chen, CTO Sagi Haas, and VP of R&D Tal Kimhi, Clutch aims to bolster its platform’s reach from Tel Aviv to the U.S., supported by SignalFire's AI-driven Beacon talent engine and market outreach efforts.

Sectors

  • Cybersecurity
  • Venture Capital
  • Software-as-a-Service (SaaS)

Geography

  • United States – SignalFire and other investors are based in the U.S., with Clutch Security also aiming to expand its operations there.
  • Israel – Clutch Security operates out of Tel Aviv, and its leadership team has backgrounds in the Israeli Defense Force.

Industry

  • Cybersecurity – Relevant due to Clutch Security's focus on enhancing the security of non-human identities (NHIs) in enterprise digital ecosystems.
  • Venture Capital – Pertinent as the article highlights SignalFire and other venture capital firms leading a significant funding round for Clutch Security.
  • Software-as-a-Service (SaaS) – Clutch Security offers a software platform for managing and securing NHIs across different environments, aligning with SaaS industry characteristics.

Financials

  • $20 million – Series A funding round raised by Clutch Security.

Participants

NameRoleTypeDescription
SignalFire Management ServicesPE Firm and Lead InvestorCompanySignalFire led the Series A funding round for Clutch Security.
Clutch SecurityTarget CompanyCompanyA cybersecurity company focusing on non-human identity (NHI) security.
Lightspeed Venture PartnersInvestorCompanyParticipated in the Series A funding round for Clutch Security.
Merlin VenturesInvestorCompanyParticipated in the Series A funding round for Clutch Security.
Ofir Har-ChenCEOPersonChief Executive Officer of Clutch Security.
Sagi HaasCTOPersonChief Technical Officer of Clutch Security and former member of Israeli Defense Force's 8200 division.
Tal KimhiVP of R&DPersonVice President of Research and Development at Clutch Security.
Jonathan LimPartnerPersonPartner at SignalFire, commenting on the investment.
Jim StonehamGo-to-Market ExpertPersonFormer CMO of Stripe, assisting Clutch with market strategies.
Heather DoshayTalent ExpertPersonFormer head of people at Webflow, supporting Clutch's expansion.
Josh ConstinePR ExpertPersonSignalFire’s in-house PR expert advising Clutch on branding.