Karamba Security Gains Additional $10 Million in Funding Round
Karamba Security, a provider of end-to-end automotive cybersecurity prevention solutions, secured $10 million in funding from Silicon Valley-based Western Technology Investment (WTI), a leading venture debt firm.
In the two years following its launch, Karamba Security has engaged with 17 automotive OEMs and tier-1 suppliers. 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. Its solution strives for prevention with zero false positives, adding negligible performance overhead to the resource constrained environment of the car.
The company plans to use the funds for inorganic growth that includes acquiring companies and technology assets, and to address growing demand from automotive and IoT customers.