• Karamba Security

  Participated · Series B · May 2017

  Karamba Security builds security products and services that protect IoT devices and connected vehicles throughout the device lifecycle without disrupting R&D or supply-chain processes. The company recently launched a cloud-based incident analysis service to complement its offerings. Karamba says it has 80 successful engagements with Fortune 500 companies and one engagement that secured a fleet of 800,000 units across more than 100 countries. Management emphasizes strong regulatory demand driving adoption among IoT manufacturers and automotive OEMs. Financially, this fundraising news brings the company’s total funding to $27 million. The company continues to target automotive and IoT OEMs seeking seamless, lifecycle security. Karamba Security provides industry-leading automotive cybersecurity software, including products such as Carwall and SafeCAN, that protect endpoints and the internal messaging bus. Its solutions prevent cyberattacks with zero false positives and secure communications, including OTA updates, while adding negligible performance overhead. The company’s software is integrated across chip architectures (ARM, Intel, PowerPC, Infineon) and OS/scheduler platforms (QNX, Linux, various RTOS and AUTOSAR). In the two years following its launch, Karamba has engaged with 17 automotive OEMs and tier‑1 suppliers. Karamba plans to use new funding for inorganic growth, including acquiring companies and technology assets to accelerate its Autonomous Security portfolio and meet growing demand from automotive and IoT customers. Financially, its operations were funded by a $17M raise last year and it recently added a $10M venture debt facility, bringing total investment to $27M. Karamba Security builds embedded security software installed in a vehicle’s electronic control units (ECUs) that locks down factory settings and prevents execution of programs that deviate from those settings. The company’s approach is built-in rather than relying on PC-style intrusion detection, aiming to stop malevolent hacks on embedded automotive systems. Karamba has worked with 16 new customers in the past 15 months in the cost-sensitive automotive manufacturing industry. Co-founder and chairman David Barzilai says the product is installed inside ECUs that control brakes, navigation and entertainment. The company will use new funding primarily for hiring, continued R&D, performance testing and to open offices in Michigan near major U.S. automakers. To date Karamba has raised $17 million across three rounds within about one year. Karamba Security develops the Carwall Autonomous Security suite, software that automatically locks down vehicle ECUs to factory-known instructions so they can block unauthorized operations locally. The product extension includes in-memory protection that blocks memory-based attacks such as buffer overruns and return-oriented programming (ROP). Karamba emphasizes deterministic, on-ECU decisions that require no connectivity, no anti-malware updates, and impose a negligible CPU/performance footprint. The company claims its approach yields zero false positives, avoiding the safety risks associated with network-based detection. Five months after emerging from stealth, Karamba completed proof-of-concept work with several Tier-1 suppliers and reports strong demand from OEMs and Tier-1 providers; FEV North America is cited as integrating Carwall into its reference platform. The company is actively promoting its Autonomous Security framework at multiple industry events this fall. Karamba Security builds cybersecurity software that is installed on vehicle controllers (ECUs) to lock factory settings and prevent foreign code or banned behaviors from running, thereby blocking access to a car's CAN Bus. The software can be deployed as a retrofit or preinstalled on controllers for new vehicles. Karamba aims to protect both infotainment and critical vehicle systems such as braking and fuel injection. The company emerged from stealth and operates from Tel Aviv with a business development office in Detroit. Co-founders include Ami Dotan, Tal Ben-David, David Barzilai and Assaf Hare. Karamba closed a $2.5 million seed round in March and plans to use the funds for hiring, research and development, and to lock in early customers, with the expectation of signing full-year contracts with major automotive suppliers next year.

No current team members are available.