Keyfactor acquires InfoSec Global as Merlin Ventures notches strategic exit
The cryptographic security firm was sold in a deal reportedly worth hundreds of millions, marking another high-profile cybersecurity exit for the Israeli-American VC
In a sign of growing urgency around post-quantum cybersecurity, U.S.-based Keyfactor has acquired cryptographic posture management startup InfoSec Global in a deal reportedly valued in the hundreds of millions of dollars.
The acquisition marks a significant exit for Israeli-American investment firm Merlin Ventures, which was an early backer of InfoSec Global. InfoSec Global has developed software that helps enterprises manage, modernize, and secure their cryptographic infrastructure, tools seen as increasingly vital as quantum computing threatens to upend current encryption standards.
“From day one, we believed in their unique approach to securing cryptographic assets,” said Shay Michel, managing partner at Merlin Ventures. “This acquisition is a testament to their market leadership and the critical need for cryptographic agility across industries.”
Founded by CEO Nagy Moustafa, InfoSec Global has quietly built a presence in both the commercial and government sectors, offering solutions that allow organizations to inventory and update encryption systems across large, complex environments.
Keyfactor, which specializes in identity-first security, plans to integrate InfoSec Global’s technology into its platform, offering customers end-to-end management of digital identities and cryptographic assets.
The deal adds to a growing string of high-profile exits for Merlin Ventures, which has also backed Dig Security and Talon (both acquired by Palo Alto Networks) and Enso Security (acquired by Snyk). Co-founded in Tel Aviv and Washington, D.C., Merlin Ventures specializes in early-stage cybersecurity investments with global relevance and government-grade impact.
