Karamba Security Raises $2.5M To Fight Car Hacking

April 10, 2016 | Israeli startup Karamba Security has raised $2.5 million in seed funding to bring cybersecurity solutions to the automotive industry. The funding came from YL Ventures and from GlenRock, Leon Recantai’s private investment company. Karamba has built a solution that hardens the externally connected controllers within an automobile against hackers. The typical customer for Karamba is the system manufacturer, who buy those various controllers or systems, that make up the car. The solution can be used to protect both new and existing car models. The new funding will be used mainly for customer engagement. Karamba Security was co-founded in 2015 by Chairman David Barzilai, CEO Ami Dotan, CTO Assaf Harel, and VP R&D Tal Ben David.