Merlin Ventures

Merlin Ventures is a venture capital firm located in Tysons, Virginia, specializing in investments in cybersecurity companies. The firm aims to drive growth and enhance value for software companies within the cybersecurity sector that demonstrate market-leading potential. Merlin Ventures provides essential support to its partners, including infrastructure for market readiness, cybersecurity engineering expertise, and strategic go-to-market resources. The firm targets investments across various sectors, including financial services, healthcare, manufacturing, and retail, with the objective of fostering innovation and strengthening security solutions in these industries.

Almog Golod

Principal

Shay Michel

Managing Partner

Seth Spergel

Managing Partner

Past deals in Network Security

Clutch Security

Series A in 2025
Clutch Security is a cybersecurity company dedicated to managing and protecting non-human identities within digital infrastructures. Its platform provides comprehensive visibility and lifecycle management for digital credentials, allowing organizations to effectively mitigate risks associated with these identities. In addition to identity management, Clutch Security offers features such as incident response, threat detection and analysis, and asset management. These capabilities enable businesses to enhance their cybersecurity posture and respond effectively to security incidents, thereby safeguarding against various cyber threats.

Sepio

Series B in 2024
Sepio is a developer of an asset risk management platform focused on protecting organizations from hardware-based attacks. The company's innovative solution operates on asset existence rather than activity, utilizing physical layer asset DNA profiling to deliver actionable visibility and policy enforcement. This platform enables security teams to gain comprehensive insights into their hardware assets and monitor their behavior in real-time. With the ability to define granular device usage rules, Sepio allows administrators to continuously oversee and safeguard their infrastructure. The solution is asset agnostic, accommodating various environments including IT, OT, and IoT, and can report on existing assets and their associated risk factors within 24 hours. Ultimately, Sepio aims to enhance clients' cybersecurity posture by providing robust control over hardware assets and mitigating the risks posed by rogue devices.

Clutch Security

Seed Round in 2024
Clutch Security is a cybersecurity company dedicated to managing and protecting non-human identities within digital infrastructures. Its platform provides comprehensive visibility and lifecycle management for digital credentials, allowing organizations to effectively mitigate risks associated with these identities. In addition to identity management, Clutch Security offers features such as incident response, threat detection and analysis, and asset management. These capabilities enable businesses to enhance their cybersecurity posture and respond effectively to security incidents, thereby safeguarding against various cyber threats.

Veriti

Series A in 2022
Veriti is a developer of a unified security posture management platform aimed at enhancing organizational security while maintaining business continuity. The company offers a solution that integrates seamlessly with the entire security infrastructure, allowing for ongoing evaluation of risk posture. By analyzing security configurations, logs, sensor telemetries, and threat intelligence, Veriti enables organizations to proactively monitor their exposure to potential threats. The platform focuses on identifying security gaps and high-risk vulnerabilities, providing actionable remediation paths to ensure comprehensive protection across the security stack.

Cyolo

Series B in 2022
Cyolo is a developer of a Zero Trust Access Solution that enables secure connectivity for both onsite and remote users to authorized assets across organizational networks, cloud environments, and IoT systems, including offline networks. The company's innovative software offers an ID-based connectivity approach that enhances visibility and provides self-calibrating insights, allowing businesses to effectively manage access to critical applications. By integrating a comprehensive operating method within a single scalable platform, Cyolo supports IT and security teams in maintaining security and productivity amidst the challenges posed by distributed workforces and evolving cyber threats.

Cyolo

Series A in 2021
Cyolo is a developer of a Zero Trust Access Solution that enables secure connectivity for both onsite and remote users to authorized assets across organizational networks, cloud environments, and IoT systems, including offline networks. The company's innovative software offers an ID-based connectivity approach that enhances visibility and provides self-calibrating insights, allowing businesses to effectively manage access to critical applications. By integrating a comprehensive operating method within a single scalable platform, Cyolo supports IT and security teams in maintaining security and productivity amidst the challenges posed by distributed workforces and evolving cyber threats.

Sepio

Series A in 2019
Sepio is a developer of an asset risk management platform focused on protecting organizations from hardware-based attacks. The company's innovative solution operates on asset existence rather than activity, utilizing physical layer asset DNA profiling to deliver actionable visibility and policy enforcement. This platform enables security teams to gain comprehensive insights into their hardware assets and monitor their behavior in real-time. With the ability to define granular device usage rules, Sepio allows administrators to continuously oversee and safeguard their infrastructure. The solution is asset agnostic, accommodating various environments including IT, OT, and IoT, and can report on existing assets and their associated risk factors within 24 hours. Ultimately, Sepio aims to enhance clients' cybersecurity posture by providing robust control over hardware assets and mitigating the risks posed by rogue devices.
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