Karamba Security is an industry-leading automotive and IoT security company providing cybersecurity solutions that secure the device's entire lifecycle without interference of R&D or supply chain processes. Executive Order on Improving the Nation’s Cybersecurity. The company will use the new funding to accelerate development of its product roadmap to meet customer demands to comply with newly created regulations such as UN R155 and ISO 21434 for automotive cybersecurity and the U.S. Other factors were the due diligence conducted with Karamba’s customers and the growing need for IoT and automotive compliance with new cybersecurity regulations. Investors in the round were motivated by Karamba’s strong customer base and leadership in IoT and automotive security.
This brings the total capital invested in Karamba Security to $27 million.
VinFast, a member of Vingroup, the largest private conglomerate in Vietnam, led the investment with participation from SVIC, a leading corporate VC from South Korea, and existing investors: YL ventures, Fontinalis Partners, Liberty Mutual, Presidio Ventures, Glenrock, Paladin Group and Asgent. HOD HASHARON, Israel-( BUSINESS WIRE)- Karamba Security today announced it has secured $10 million in new funding in an extension to its B Round financing.
