Discrete and Process Automation

IoT security firm Karamba raises $10 million

03 December 2021

As the internet of things (IoT) grows in the electronics market, the more critical the need for cybersecurity. Karamba Security is working to improve security in IoT and the automotive sector and has secured $10 million in new funding to further its goals.

The total investment in Karamba has increased to $27 million and the new funding will be used to accelerate development of its product roadmap to comply with newly created regulations such as UN R155 and ISO 21434 for automotive cybersecurity and the U.S. Executive Order on improving the nation’s cybersecurity.

Karamba Security’s IoT cybersecurity allows automotive OEMs and suppliers as well as IoT device makers to comply with industry regulations and differentiate offering without costly changes in production schedules or to legacy modules.

The lead investor in this round of financing was VinFast, a private conglomerate in Vietnam with participation from SVIC and other existing partners.

To contact the author of this article, email engineering360editors@globalspec.com


Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement
Find Free Electronics Datasheets
Advertisement