Karamba Security, which Protects Autonomous Cars, Raises $10 Million in Debt Financing
The Israel-based startup’s technology integrates with a vehicle's engine control unit, automatically blocking unauthorized commands
For daily updates, subscribe to our newsletter by clicking here.Founded in 2016, Karamba develops technology that integrates with a vehicle's engine control unit, automatically blocking unauthorized commands. The company has about 40 employees at its offices in Hod Hasharon, a town in the Tel Aviv metropolitan area, and in Tokyo and Michigan. The company says it works with 17 automakers and auto parts suppliers.
The company also announced that two veterans of the U.S. automotive industry are joining Karamba’s board of directors—Paul Mascarenas, 2019 president-elect for SAE International (the Society of Automotive Engineers), and Bruce D. Coventry, a former Chrysler executive.