Karamba Security

Karamba Security provides machine learning (ML)-based cybersecurity solutions to secure the entire life cycle of internet of things (IoT) devices, from development to production in the automotive, enterprise edge, consumer IoT, and industry 4.0 verticals, without requiring any changes in the R&D or supply chain processes. Its product portfolio includes 1) “VCode,” to identify and mitigate supply chain vulnerabilities in the software image build and third-party components of a device; 2) “TARA ,” which provides threat analysis and risk assessment solutions for a device during production; 3) “XGuard,” which is an embedded security platform that provides detection and response solutions for IoT devices; and 4)“SafeCAN,” an ultra-light network security software that authenticates and encrypts communication between ECUs. For automotive, the company offers end-to-end protection from external connection points using XGuard and SafeCAN. Karamba Security claims its offering automatically strengthens a vehicle's vulnerability to threats, without impacting performance. The company has offices in Israel, Germany, and the US.

Key customers and partnerships

As of July 2023, the company had more than 120 successful engagements, OEMs and suppliers, across industries. Notable customers of the company included Hitachi, Stellantis, Micron, Stanley, and Denso. It has a partnership with Winbond Electronics Corporation to launch secure flash memory chips with integrated runtime integrity for automotive ECUs and IoT-connected consumer and industrial devices (March 2020) and has a production agreement with energy solution provider SolarEdge (February 2020). It also had partnerships with Volvo, HP, Samsung, VinFast, Fisker, Canoo, Nikola, Wind River, and Semcon. 

Funding and Financials

In December 2021, the company raised USD 10 million in an extension to its Series B funding round led by VinFast. The company expected to utilize the funds to expand commercialization in North America, Asia, and Europe; accelerate product development; and meet increased customer demand to comply with new industry regulations for automotive cybersecurity. The company also announced that it planned to triple its revenue in 2021 and debut its new ML features during Q1 in 2022.