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Palo Alto Networks in Advanced Talks to Acquire Israeli Startup Clutch Security for $500 Million
American cybersecurity giant Palo Alto Networks is in advanced negotiations to acquire the Israeli cybersecurity startup Clutch Security for approximately $500 million. The potential acquisition, first reported by The Information, would represent a major exit for the young Israeli firm, which has raised between $28.5 million and $29 million since its inception.
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What happened
- 01Palo Alto Networks is in advanced negotiations to acquire Israeli startup Clutch Security for approximately $500 million.
- 02Clutch Security specializes in securing non-human digital identities, API keys, and access credentials used by AI agents.
- 03The startup was founded in late 2023 by Ophir Har-Chen, Sagi Haas, and Tal Kamchi, and employs about 45 people.
- 04Clutch Security has raised between $28.5 million and $29 million in funding since its founding.
- 05The company's investors include Lightspeed Venture Partners, SignalFire, and Merlin Ventures, with its last seed round in July 2024.
- 06The acquisition aligns with Palo Alto Networks' strategy to secure all digital identities, including those of AI agents.
- 07Israel serves as a primary research and development hub for Palo Alto Networks, which was founded by Nir Zuk.
Founded in late 2023 by CEO Ophir Har-Chen, CTO Sagi Haas, and VP of Development Tal Kamchi, Clutch Security specializes in securing non-human digital identities. Its platform maps, monitors, and manages access credentials, API keys, tokens, and passwords used by software systems, cloud applications, and increasingly, artificial intelligence agents. As AI agents proliferate within organizations and require broad access to internal databases, securing their permissions has become a critical cybersecurity priority.
Clutch Security employs around 45 people, operates in both Israel and the United States, and has drawn backing from investors including Lightspeed Venture Partners, SignalFire, and Merlin Ventures. Its last funding round was an $8.5 million seed round in July 2024. Palo Alto Networks, founded by Israeli entrepreneur Nir Zuk, has a long history of acquiring Israeli startups, utilizing Israel as a primary research and development hub.
Summarized by baba from the reports of 6 newsrooms. Updated
Latest report: Mignews. Read Mignews’s original
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Palo Alto Networks in Advanced Talks to Acquire Israeli Startup Clutch Security for $500 Million
