Israeli Karamba Security raises $2.5M seed to secure connected cars
Karamba aims to tackle a new angle in the field of automotive cyber security
Gabriel Avner | April 7, 2016
Israel-based Karamba Security announced on Thursday that they have closed their seed stage funding round with $2.5 million in new financing. Investors from this round were cyber security-focused YL Ventures and GlenRock, Leon Recanati’s private equity investment firm.
The company was co-founded in 2015 by Chairman David Barzilai, CEO Ami Dotan, CTO Assaf Harel, and VP R&D Tal Ben David. The team is a mix of hardcore security and business, with backgrounds in companies like Check Point, Rafael, Jinko Solar, and Voltaire just to name a few.
Karamba aims to tackle a new angle in the field of automotive cyber security. As cars become more connected with systems like GPS, multimedia, telecommunications and others, they have been found to be vulnerable to hackers.