YL Ventures leads funding of connected-car, cyber security startup Karamba

Karamba Security, an in-car security startup with offices in Detroit and Tel Aviv, Israel, has emerged from stealth and announced it has raised $2.5 million in seed-stage funding. YL Ventures led the seed round, which included GlenRock, the private investment company of Leon Recantai. The company said it is developing technology to protect externally connected components, identifying attack attempts and blocking exploits from infiltrating a car’s network.

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