Qualcomm acquires Israeli cyber company SAM for more than $150 million
The startup whose software protects more than 500 million connected devices across 15 million networks will continue operating independently as Qualcomm expands its telecom cybersecurity business.
Chip giant Qualcomm is acquiring Israeli cybersecurity company SAM Seamless Network. According to Calcalist estimates, the acquisition is valued at more than $150 million.
SAM works with internet service providers, telecommunications equipment manufacturers, and service providers worldwide, delivering cybersecurity and user experience solutions across more than 15 million networks and protecting and monitoring more than 500 million connected devices globally. Its customers include U.S. telecom giants AT&T and Verizon, Israel's Bezeq, as well as leading European providers such as Telenet in Belgium and Virgin Media in the UK.
SAM's cybersecurity technology has been deployed in complex real-world environments, including during periods of emergency, providing real-time protection for users and network infrastructure without compromising performance or the user experience. The company's platform enables service providers to detect advanced cyber threats, respond proactively, and deliver a more secure and reliable service to their customers.
The company was founded in 2016 by Shmulik Chafets and Sivan Rauscher-Ganot and employs approximately 80 people across Israel and the United States. Since its founding, SAM has raised an estimated $30 million from investors including Blumberg Capital, NightDragon, Ericsson, Telefónica, Intel Capital, and others.
Following the acquisition, SAM will continue to operate as an independent business unit within Qualcomm. The acquisition is intended to expand the deployment of SAM's software solutions through Qualcomm's global network of partners and customers, with Qualcomm expecting the business to grow significantly in the coming years.
