[ Karamba Security raises $12M in Series B ]
Karamba Security has raised $12 million in Series B funding.
Founded in 2015, Karamba Security is a security startup that develops electronic control units for the automotive cyber security. The two-year-old breach prevention provider sells a toolkit for protecting the electronic control units that power the digitized functions of a connected vehicle. Dubbed Carwall, the software can restrict each ECU to the limited set of tasks it’s designed to perform on a day-to-day basis, such as unlocking doors and managing fuel injection. An embedded agent automatically stops actions that don’t comply with the rules, including potential hacking attempts.
The new financing will be used to help the auto industry address the challenge.
|City||Ann Arbor, Michigan|
|Founder / CEO||Ami Dotan|
|Paladin Capital Group|
|Liberty Mutual Strategic Ventures|
|Previous Investors||GlenRock Israel|