Merlin Ventures

Merlin Ventures is a venture capital firm located in Tysons, Virginia, specializing in investments in cybersecurity software companies that demonstrate significant growth potential. The firm targets sectors such as financial services, healthcare, manufacturing, and retail, aiming to drive value and foster development within these industries. Through its strategic investments, Merlin Ventures seeks to support companies that are positioned as market leaders in the rapidly evolving landscape of cybersecurity.

Almog Golod

Principal

Shay Michel

Managing Partner

David Phelps

Founder and CEO

Seth Spergel

Managing Partner

5 past transactions

Cyolo

Series B in 2022
Cyolo Security Ltd, founded in 2019 and based in Tel Aviv, Israel, specializes in developing security solutions that focus on identity-based connectivity and access control. The company offers a Zero Trust Access Solution that enables secure connections for both onsite and remote users to authorized assets within organizational networks, as well as cloud and IoT environments. This platform addresses the need for secure access to applications, servers, and files, regardless of the user's location, including offline networks. Cyolo aims to enhance security while facilitating seamless connectivity across various environments.

Dig Security

Seed Round in 2022
Dig Security is a cloud data security startup established in 2021 and headquartered in Tel Aviv, Israel. The company specializes in developing software that offers real-time visibility, control, and protection for data assets across multiple cloud environments. Its platform is designed to monitor and secure cloud data without hindering business operations, enabling organizations to effectively manage their data security needs while receiving threat protection services for data stored in the public cloud.

Finite State

Series B in 2021
Finite State, Inc. specializes in security solutions for Internet of Things (IoT) devices, networks, and supply chains, focusing on supply chain security and compliance. The company's platform, which utilizes automated firmware analysis through Iotasphere, examines the firmware of IoT devices to identify vulnerabilities and provide actionable insights. It produces comprehensive risk reports that include an overall risk score, a software bill of materials, known vulnerabilities, potential backdoors, weak passwords, and other security deficiencies. Finite State serves a diverse clientele, including enterprises in telecommunications, energy, healthcare, and government sectors, as well as device and system manufacturers. Founded in 2017 and based in Columbus, Ohio, the company aims to enhance innovation in connected devices while managing the associated risks effectively.

Cyolo

Series A in 2021
Cyolo Security Ltd, founded in 2019 and based in Tel Aviv, Israel, specializes in developing security solutions that focus on identity-based connectivity and access control. The company offers a Zero Trust Access Solution that enables secure connections for both onsite and remote users to authorized assets within organizational networks, as well as cloud and IoT environments. This platform addresses the need for secure access to applications, servers, and files, regardless of the user's location, including offline networks. Cyolo aims to enhance security while facilitating seamless connectivity across various environments.

Sepio

Series A in 2019
Sepio Systems, LTD., founded in 2016 by veterans from the Israeli Intelligence community, specializes in cybersecurity solutions focused on mitigating hardware-based attacks. The company offers a Rogue Device Mitigation security suite that utilizes physical fingerprinting technology and device behavior analytics to protect organizations from various security threats. This software-as-a-service (SaaS) solution is adaptable to different environments, including on-premises, private, and public cloud setups. Sepio's innovative hardware access control platform enhances visibility and control across multiple security programs, such as zero trust, insider threat, BYOD, IT, OT, and IoT. The company is strategically partnered with notable organizations, including Munich Re and Merlin Cyber, to strengthen its market presence and cybersecurity offerings. Headquartered in Rockville, Maryland, Sepio also operates in South Carolina and Tel Aviv, Israel.
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