Karamba CEO and co-founder Ami Dotan said, “National and individual risks of cyberattacks on IoT devices and connected vehicles have driven strong regulatory requirements. Karamba intends to use the newly raised capital to speed up development of its product roadmap to meet customer demands to comply with newly created regulations. The company has locations in Israel, Germany and the US. Following this raise, this brings the total invested in Karamba to $27m.Īccording to Karamba, investors in the round were motivated by its strong customer base and leadership in IoT and automotive security.įounded in 2016, Karamba is focused of securing the entire lifecycle of a device without interference of supply chain processes or R&D. The investment round was led by VinFast and also saw participation from SVIC, YL Ventures, Fontinalis Partners, Presidio Ventures, Glenrock, Paladin Group, Asgent and Liberty Mutual. Automotive and IoT security firm Karamba Security has secured $10m in extra funding from an extended Series B round.
