Driven to protect autos: YL Ventures backs Karamba’s car-security software


People look over the BMW i Vision Future Interaction concept car during the 2016 CES trade show in Las Vegas, Nevada, Jan. 7, 2016. As more cars connect to the Internet, YL Ventures-backed Karamba aims to provide cyber security defense. Reuters/Steve Marcus
Software-focused YL Ventures in early April led a $2.5 million seed-stage funding round in startup Karamba Security, which is developing software to prevent intruders from hacking into the electronic systems of new cars. Israel-based private equity investor Glenrock Group also ...

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