Sam Seamless Network, a Tel Aviv, Israel-based intuitive security system for the home IoT network, raised $12m in Series A financing.
The round was led by Intel Capital with participation from NightDragon, ADT Inc and Blumberg Capital. In addition to the funding, NightDragon’s Dave DeWalt – a cybersecurity executive and the former CEO of McAfee and FireEye – has joined SAM as board chairman.
The company intends to use the funds to expand its machine learning research and to further its growth in US and European markets.
Led by CEO Sivan Rauscher, Sam Seamless Network provides a security system for the home IoT network. Its cybersecurity software protects local area networks and all of their connected devices directly at the source of entry at the ISPs via the router.
Sam works with leading chipset manufacturers, including Intel, to provide network security from the source. In addition, the company’s technology is already integrated on parts of the network of Bezeq, Israel’s largest telecommunications operator. It is also currently operating pilot programs in Europe and North America. SAM has monitored over 4 million devices, enriching its artificial intelligence cloud to reveal new attack patterns such as backdoors to IoT devices, and creating advanced security policies.
FinSMEs
14/11/2018