Karamba Security, a provider of end-to-end automotive cybersecurity prevention solutions, has announced that it has secured $10 million of funding from Silicon Valley-based Western Technology Investment (WTI), a leading venture debt firm. This brings the total investment in Karamba Security to $27 million.
In the two years following its launch, Karamba Security has engaged with 17 automotive OEMs and tier-1 suppliers. Its current portfolio of products is integrated with a variety of platforms, including ARM, Intel, PowerPC and Infineon on the chip level and QNX, Linux and various RTOS and AUTOSARplatforms on the OS/scheduler level.
To expand on this market traction, the company is planning to use the funds for inorganic growth, including acquiring companies and technology assets to accelerate its Autonomous Security portfolio progress, as well as address the growing demand for Karamba’s solutions from automotive and IoT customers.