Home Network Cybersecurity Startup SAM Raises $12 Million
SAM’s software is installed onto home routers to protect home networks and the devices connected to them
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Home network cybersecurity startup Securing SAM Ltd. has raised $12 million in a Series A round led by Intel Capital, the company announced Wednesday. Blumberg Capital, ADT Inc., and NightDragon, the cybersecurity venture capital firm headed by cyber industry veteran Dave DeWalt, also participated in the round. The round brings SAM’s total funding raised to date to $16 million.
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DeWalt has joined SAM as chairman of the board, the company said.
SAM co-founders Eilon Lotem (left), Sivan Rauscher, and Shmuel Chafets. Photo: Tomer Rotenbergצילום: תומר רוטנברג
“Many companies today develop cybersecurity products for IoT devices; we do not look at the devices, but instead look to the users,” Rauscher told Calcalist in an interview Wednesday. According to Rauscher, the company implants a code onto the router to protect the network and everything connected to it. The strategy of protecting individual devices is “limited,” Rauscher said. “I was looking for the common denominator, and everyone has a router. This way you do not have to buy specific devices to benefit from protection,” she said.
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The company intends to use the funding to increase its employee count by 40% in the coming year, and to open offices in Berlin and New York.
