Merlin Ventures

Established in 1997, Merlin Ventures is a venture capital firm specializing in early-stage investments within the cybersecurity sector. Based in Tysons, Virginia, USA, the firm offers market readiness infrastructure, cybersecurity engineering expertise, and go-to-market support to its portfolio companies.

Almog Golod

Principal

Shay Michel

Managing Partner

Seth Spergel

Managing Partner and Co-Founder

Past deals in Network Security

Clutch Security

Series A in 2025
Clutch Security is a cybersecurity company specializing in managing and protecting non-human identities across digital infrastructures. Its platform provides comprehensive visibility and lifecycle management for various digital credentials, helping organizations mitigate risks associated with these identities.

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 specializing in managing and protecting non-human identities across digital infrastructures. Its platform provides comprehensive visibility and lifecycle management for various digital credentials, helping organizations mitigate risks associated with these identities.

Veriti

Series A in 2022
Veriti is a developer of a unified security posture management platform that proactively monitors and remediates exposures across the entire security stack, from OS level upward, without disrupting business operations. The platform integrates with all security layers and continuously evaluates risk posture by analyzing configurations, logs, sensor telemetry, and threat intelligence, providing actionable remediation paths for security gaps and high‑risk vulnerabilities.

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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.