Clutch Security Launches With $8.5M in Seed Funding to Revolutionize the Way Modern Organizations Secure and Manage Their Non-Human Identities
30 Julio 2024 - 7:58AM
Business Wire
Funding round led by Lightspeed Venture
Partners will enable Clutch to expand its team and bring its
product to a broader market
Today, Clutch Security emerged from stealth and unveiled its
groundbreaking Universal Non-Human Identity (NHI) Security
Platform. The company also announced a $8.5 million Seed funding
round led by Lightspeed Venture Partners, with participation from
Merlin Ventures, and notable angel investors. Clutch’s mission is
to deliver end-to-end NHI security and proactively bridge NHI
security gaps across the entire organizational landscape, without
affecting business velocity.
The proliferation of NHIs (e.g. API keys, secrets, tokens, and
service accounts) in enterprises, spanning across cloud, SaaS,
on-prem, vaults, code repositories, CI/CD pipelines, and data
warehouses, presents unique management and security challenges. In
addition, the rapid rise of AI is one of the drivers for the
exponential growth of NHIs within enterprises. AI's role in
automating tasks and processes necessitates the creation of
numerous NHIs to interact with various systems and applications. As
enterprises deploy AI at scale, the number of NHIs grows swiftly,
leading to a 1:45 human-to-non-human ratio. The paradigm has
shifted: due to their massive scale, distributed nature, privileged
access, and lack of dedicated security controls, NHIs have become
the weakest link and the easiest attack vector for adversaries.
Clutch provides a comprehensive solution to these challenges
with its Universal NHI Security Platform. Clutch empowers security
teams with complete visibility, encompassing any NHI type across
the entire organizational landscape. The Clutch platform allows
security teams to easily understand which NHIs exist, their full
context, and associated risks through simplified yet detailed
Identity Lineage™ visualization. Clutch offers comprehensive NHI
security and management functionality, including risk
identification and prioritization based on severity and business
impact, and provides tailored actionable remediation playbooks to
address identified risks effectively. When any NHI-related
suspicious or abnormal behavior occurs, Clutch immediately detects
those behaviors and enables swift response and incident resolution,
while being seamlessly integrated with existing security workflows,
protecting enterprises from potential breaches. It also enables
unique Zero Trust protections, allowing enterprises to proactively
thwart risks.
"As more and more enterprise infrastructure gets automated,
non-human identities are rapidly becoming the weakest link, and
require a different type of security solution,” said Guru Chahal,
Partner at Lightspeed Venture Partners. “The team at Clutch has
deep domain expertise and context that allows them to build a
comprehensive platform that solves the challenges enterprises have
around non-human identities. It’s been incredible to watch them
build a world-class team and get the platform to customers in
record time.”
As the industry's only Zero Trust-driven platform, Clutch
enables security teams to fortify defenses based on organizational
risk and friction appetite, proactively reducing exposure to
potential threats. By certifying and verifying all NHIs, Clutch
empowers enterprises to ascertain and verify the trust level of
their identities, enabling a comprehensive NHI Zero Trust
architecture. This results in increased business velocity without
compromising security, all on a platform specifically built for
scale.
“We spent decades on the frontlines assisting organizations in
contending with cyber attacks, and witnessed the emergence of
Non-Human Identity threats and their devastating impact,” said
Clutch Security Co-Founder & CEO Ofir Har-Chen. “We built
Clutch to equip security teams with a universal solution delivering
complete visibility, context, security, and management for all
NHIs, helping them not only to identify risks early and remediate
effectively, but also to proactively strengthen their defenses
while certifying and verifying NHIs. With support from great
investors and industry leaders, our goal is to lead the market in
NHI security”.
"Understanding Non-Human Identities is crucial in cybersecurity,
especially for enterprises operating in multi-environment or
heavily cloud-based settings like ours.” said David Stender, CISO
at BankUnited. “Clutch fortifies companies by protecting these
digital identities with clear visibility and full context. Their
platform addresses the challenges of this rapidly growing digital
landscape, creating a more secure and resilient operational
environment."
In addition to the previously mentioned investors, Clutch is
also backed by CCL (Cyber Club London), and industry leaders and
angel investors, including Nir Polak, Founding Investor,
co-founder, chairman of the board and formerly CEO at Exabeam;
Shlomo Kramer, the co-founder of cyber-security companies Check
Point, Imperva, and Cato Networks; Armon Dadgar, co-founder and CTO
of HashiCorp, and more.
"Partnering with Clutch represents a significant step forward in
enhancing enterprise security. As non-human identity-related
threats have emerged as a major trend, Clutch's innovative and
holistic approach is both timely and essential. The team's deep
domain expertise ensures they are well-equipped to tackle these
challenges head-on. We are excited to support Clutch's mission and
look forward to seeing them set new standards in the industry,"
says Shay Michel, Managing Partner of Merlin Ventures.
About Clutch
In today's digital landscape, enterprises encounter significant
challenges in securing and managing Non-Human Identities (NHIs) due
to their massive scale, decentralized, and privileged nature.
Clutch’s Universal NHI Security Platform addresses these
challenges, empowering security teams to know, understand, control,
and secure all NHIs across the entire organizational ecosystem.
With unparalleled visibility and contextual insights, Clutch offers
an industry-first Zero Trust-based solution, enabling security
teams not only to enforce policies and mitigate risks but also to
proactively shield mission-critical NHIs based on organizational
risk appetite. Learn more at clutch.security.
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version on businesswire.com: https://www.businesswire.com/news/home/20240730838233/en/
Tom Sadon tom@clutch.security