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.