Karamba Security, an Ann Arbor, Michigan-based developer of in-car security solutions, is coming out of stealth, received $2.5m in seed funding.
Backers included YL Ventures and from GlenRock, Leon Recantai’s private investment company.
The company has been focused on developing its technology, after validating it extensively with leading automotive companies.
Co-founded by CEO Ami Dotan, Tal Ben-David, David Barzilai and Assaf Harel, Karamba has built a solution that protects a car’s externally connected components, identifying attack attempts and blocking exploits from infiltrating the car’s network to ensure drivers’ safety. The company’s product enables car companies to protect their automobiles from these threats by enforcing Electronic Control Units (ECUs) that are open to external access (via the Internet, Wi-Fi, Bluetooth, etc.), so they can’t be used by hackers to infiltrate the car’s network and launch attacks.
Karamba blocks any foreign code, which means the controller is safe from attackers, regardless of how they entered (via the internet, USB drive, service port, etc.), with no false alarms.
FinSMEs
07/04/2016