Karamba kills it with $12m series B

May 22, 2017 • Thierry Heles

Automotive cybersecurity startup Karamba has collected $12m in series B capital from a consortium that included Liberty Mutual, Sumitomo and Asgent.

US-based automotive cybersecurity technology developer Karamba Security has raised $12m in a series B round that featured insurance provider Liberty Mutual, diversified conglomerate Sumitomo and security management services provider Asgent.

The round was co-led by YL Ventures and Fontinalis Partners, while GlenRock Israel and Paladin Capital Group also participated. Liberty Mutual and Sumitomo invested through respective investment subsidiaries Liberty Mututal Strategic Ventures and Presidio Ventures.

Founded in 2015, Karamba has developed prevention technology that protects cars from hacking attempts. The…

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