Karamba Security raises a $12 mln Series B

Karamba Security said it raised $12 million of Series B funding in a deal led by existing investors YL Ventures and Fontinalis Partners. The transaction was joined by existing investor GlenRock Israel and new investors Paladin Capital Group, Liberty Mutual Strategic Ventures, Presidio Ventures and Asgent.

The company has now raised $17 million. It closed a seed round one year ago.

The investment will be used to expand customer support, sales and R&D.

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