The Liberty Mutual, Sumitomo and Asgent-backed automotive cybersecurity technology developer's overall funding stands at $27m.

Karamba Security, a US-based automotive cybersecurity software provider backed by corporates Liberty Mutual, Sumitomo and Asgent, received $10m in funding from venture debt firm Western Technology Investment on Tuesday.

Founded in 2015, Karamba has developed technology that protects internet-connected cars from being hacked, by blocking cyberattacks on the vehicle’s factory settings.

The software aims to avoid raising dangerous false flags which could potentially cause a car to stop running effectively.

The capital will enable Karamba to acquire companies and assets…