![]() ![]() "IoT device manufacturers and automotive OEMs are in an urgent need to comply with such regulations, without changing R&D processes, delaying time to market, or increasing product manufacturing costs. ![]() "National and individual risks of cyberattacks on IoT devices and connected vehicles have driven strong regulatory requirements," said Ami Dotan, Karamba co-founder and CEO. This round brings the company's total funding to $27 million. South Korea's Samsung Venture Investment (SVIC) also participated, in addition to existing investors YL Ventures, Fontinalis Partners, Liberty Mutual, Presidio Ventures, Glenrock, Paladin Group and Asgen. This extension was led by automotive startup VinFast, a member of Vietnam's Vingroup conglomerate, which itself is reportedly looking to raise $1 billion for VinFast. Karamba Security, an Israel-based security startup that focuses on the IoT and automotive industry, today announced a $10 million extension to its $12 million Series B round from 2017.
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