Israel’s Karamba Security Raises $12M

May 17, 2017 | Israeli startup Karamba Security, a provider of cyber-security solutions for connected and autonomous vehicles, has rasied $12 million in Series B funding, bringing total investment in the company to $17 million, one year after closing a seed round. The funds will be used to expand customer support, sales as well as research and development. Existing investors YL Ventures, Fontinalis Partners and GlenRock Israel led the round. Karamba Security was founded in 2015 by Tal Ben David, Assaf Harel, Ami Dotan, and David Barzilai.

Photo: Michael Shick