Karamba Security Lands $2,500,000 Seed Financing Round

  • Feed Type
  • Date
    4/8/2016
  • Company Name
    Karamba Security
  • Mailing Address
    2723 South State Street Ann Arbor, MI 48104 USA
  • Company Description
    Karamba Security offers ECU endpoint security to protect the connected car. The company hardens the connected Electronic Control Units (ECUs) within automobiles to protect them from cyber attacks and ensure the car’s safe, ongoing operations.
  • Website
    http://www.karambasecurity.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,500,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    Leitersdorf said he expects Karamba to use the funds for hiring, research and development and to lock in early customers. By next year, he said, Karamba should start inking full-year contracts with major automotive suppliers.
  • M&A Terms
  • Venture Investor
    YL Ventures
  • Venture Investor
    GlenRock Israel

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