Karamba Security, a Bloomfield Hills, MI- and Hod Hasharon, Israel-based provider of end-to-end automotive cybersecurity prevention solutions, secured $10m in funding.
Western Technology Investment (WTI), a venture debt firm, provided the financing, which brings total investment to $27m.
The company intends to use the funds for inorganic growth, including acquiring companies and technology assets to accelerate its Autonomous Security portfolio progress, as well as address the demand for its solutions from automotive and IoT customers.
Led by Ami Dotan, Co-founder and CEO, Karamba Security provides automotive cybersecurity solutions for autonomous and connected cars. Its autonomous security software products, including Carwall and SafeCAN, provide in-vehicle cybersecurity for the endpoints and the internal messaging bus.
The company is engaged with 17 OEM and tier-1 customers and its current portfolio of products is integrated with a variety of platforms, including ARM, Intel, PowerPC and Infineon on the chip level and QNX, Linux and various RTOS and AUTOSAR platforms on the OS/scheduler level.