PANASEER RAISES $3.25 MILLION IN FUNDING ROUND | Investment to fuel international expansion and product development
Panaseer, a cyber security data analytics company, today announces that it has raised $3.25 million in further funding from existing investors Albion Ventures, Notion Capital, and Winton Ventures and new investors Paladin Capital Group and Evolution Equity Partners....Karamba Security Closes $12M in Series B Financing to Address Increasing Demand for its Preventive Approach to Automotive Cybersecurity
Karamba Security, a provider of cybersecurity solutions for connected and autonomous vehicles, today announced $12 million in Series B funding, bringing total investment in the company to $17 million, 15 months after closing a seed round in March 2016. The funding was driven by investors’ excitement over customer engagements, resulting from Karamba’s unique automotive cyberprevention technology. The investment will be used to expand customer support, sales and R&D organizations so that it can meet the rapidly growing demand.