Israeli non-human identity (NHI) protection startup Clutch Security on Wednesday announced raising $20 million in a Series A funding round that brings the total raised by the company to $28.5 million.
The new funding round was led by SignalFire, with additional investment from Lightspeed Venture Partners and Merlin Ventures.
Founded in 2023, the Tel Aviv-based company aims to help organizations protect NHIs such as API keys, tokens, certificates, and secrets, which are central to modern IT and automation, but also increasingly targeted in attacks.
NHIs are increasingly used across cloud services, automation, and AI, but are often scattered across cloud, on-premise, CI/CD pipelines, and SaaS environments, reducing visibility and creating new management and risk mitigation challenges.
According to Clutch Security, its Universal NHI Security Platform can provide organizations with a unified view across all these identities, regardless of the environment they reside in, tracking their access, origin, ownership, storage, and usage.
Furthermore, the platform helps organizations prioritize risk, identify anomalies in real time, reduce the attack surface, and achieve governance.
The platform takes a zero trust approach to machine identities, validating their usage in real time, identifying static credentials and rendering exposed secrets useless to attackers.
Clutch Security’s solution is already used by organizations in the banking, financial services, insurance, and technology sectors.
The company will use the new funds to expand its go-to-market team, invest in research and development and product innovation, and hire new talent to support increasing adoption of its platform.
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