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.