In the world of cyber security, identity is often considered a “boundary” around the organization. Very many violations begin with techniques such as password theft, fishing, and qualification stuffing. Ergo, which protects not only users, but also the identity of applications and machines, is the key to protecting the entire system.
It's easier -like the recent security infringement of the US Treasury has shown. Currently, CLUTCH SECURITY is one of the startup building tools to focus on non -human (machine) identity space, publishing $ 20 million funds and emphasizing market demand to deal with problems. I am.
Signalfire leads this round with the participation from LightSpeed Venture Partners and Merlin Ventures, an existing supporter who has invested in the previous 8.5 million dollars. CLUTCH stated that it would use funds to expand R & D, product development and business development.
CLUTCH TODAY is integrated with nearly 60 infrastructure services. Applications and IDs provide the most popular companies. We protect various data used to interface each other, such as API key, service account, “secret”, tokens, and other qualifications. CLUTCH platform provides services such as network visibility, posture and risk management, and life cycle management through a zero -trading approach. According to Venafi (Clutch's competitors), the average number of identity of a typical large company's machine has expanded in several years from 320,000 in 2022 to 320,000 in 2024 to 2024. I am.
The clutch focused on the boundary violations due to the coincidence was the moment when another boundary was violated. Tel Aviv's startup was established in October 2023, and the heel of Israel was attacked by Hamas, and it became a war in Gaza.
CEO of CEO, co-founded with Sagi Haas and Tal Kimhi (the photo above, Har-Chen is on the left), said that building a company at that moment was a blessing and curse. On the other hand, people were very distracted and suffered from the events that were being developed, and many could not just work. On the other hand, for those who worked, it definitely focused on their hearts.
He said that the company would have a hard time hiring someone first and would finally take the first employee in February. However, after that, we built the first minimum executable product within only three months. “Probably one of the best engineering teams in Israel, because they are all veterans in the universe,” he said. HAR-CHEN is one of these veterans. He has been working in both Israeli governments and private companies for 20 years in the technical and executive roles of cyber security. (On the other hand, Haas and Kimhi are graduates of Axonius, another cyber company.)
On the other hand, the question that the clutch decided to pursue was “as old as time,” Hachen continued. The Windows Active Directory service account is an example of a place where malicious hackers can use machine identity and have been operating since 1994. “There is no new one here,” but the appearance of cloud computing and the explosion of software as a service used by applications, “worsened the problem.”
Add the AI, the latest AI agent, which has become the latest target of AI, especially malicious hackers.
“I think we are seeing the weakest links, non -human, or pendulum shaking from humans,” he said. “The AI agent is currently being used rapidly by a company and replaces the manual tasks that have been done by humans.” He believes that there is a greater inflow of attacks aimed at compromising these agents. He said he was.
The clutch is far from the first company that identified the problem here. The crowded market contains something like Semperis, which was raised last year with a $ 1 billion evaluation last year to focus on the Legacy of Active Directory last year. Astrix Security has raised $ 45 million in December. Oasis is a startup of a basis Israel, which has raised $ 40 million a year. Last year, Cyber ARK acquired Machine-to-Machine's security company Venafi for over $ 1.5 billion. Silver flow taking an overall approach to identity. The token security was also raised before $ 20 million.
CLUTCH is building one of the reasons why investors are particularly interested in (or together) all the other things (together). “It's surprising that the clutch has achieved it in such a short time. They are not only building innovative platforms, but reconstructing the entire industry,” he said. Guru Chahal states in a statement. “Their work is already in a meaningful way, and I think the clutch is transformed when companies start accepting agent AI.”