CoreTigo Raises $13M Series B Round led by Cardumen Capital and Verizon Ventures finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
SAM Seamless Network Raises $20M, Led By Blackberry And Verizon
By NoCamels Team
May 30, 2021 2 minutes
News BriefsTech & Innovation
SAM Seamless Network co-Founders: Eilon Lotem, CTO; Sivan Rauscher, CEO; Shmuel Chafets, Vice Chairman
Israeli network cybersecurity company SAM Seamless Network announced on Thursday it has raised $20 million in Series B funding to accelerate the company’s growth.
The round will enable SAM to expand its security tech from currently protecting 2 million networks and 70 million devices globally to securing 10 million networks and 500 million devices by the end of 2021, the company said in a statement.
The new round was led by BlackBerry and Verizon Ventures. Also participating in the round were Blumberg Capital, Intel Capital, ADT and NightDragon.
SAM Seamless Network Raises $20M Series B Funding to Lead IoT Security for 5G Networks
USA - English
News provided by
Share this article
Share this article
TEL AVIV, Israel, May 27, 2021 /PRNewswire/ SAM Seamless Network, a network security company for consumers and SMBs, today announced it has raised $20M in Series B funding to accelerate SAM s growth, enabling the expansion of its security reach from currently protecting 2M networks and 70M devices globally, to securing 10M networks and 500M devices by the end of 2021.
SAM Seamless Network Co-Founders: Eilon Lotem, CTO; Sivan Rauscher, CEO; Shmuel Chafets, Vice Chairman (PRNewsfoto/SAM Seamless Network)
A man enters the Tel Aviv Stock Exchange, Jan. 29, 2017. Photo: Reuters / Baz Ratner.
CTech – SAM Seamless Network, a network security company for consumers and SMBs, announced on Thursday that it has raised $20 million in series B funding led by BlackBerry and Verizon Ventures. Additional Investors include Blumberg Capital, Intel Capital, ADT, and NightDragon.
SAM has raised a total of $40 million following the latest round and will use the new funds to accelerate its growth, enabling the expansion of its security reach from currently protecting 2 million networks and 70 million devices globally, to securing 10 million networks and 500 million devices by the end of 2021.
Vdoo raises $25M more to develop its AI-based security for IoT and connected devices
It’s estimated that there were some 50 billion connected devices globally in 2020, and while that really says a lot about how far we’ve come in tech, for many it also speaks to a big issue: security vulnerabilities, with the devices themselves, plus all the components and services running on them, all potential targets for anything from malicious hackers to not-so-intentional data leaks.
Today, Israeli startup Vdoo which has been developing AI-based services to detect and fix those kinds of vulnerabilities in IoT devices is announcing $25 million in funding, money that it plans to use to help it better address the wider issue as it applies to