IoT Startup SAM Seamless Network Raises $20M In Series B Funding


SAM Seamless Network, a network security company for consumers and SMBs, has raised $20 million in Series B funding to accelerate SAM’s 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, the company announced.

SAM’s technology detects anomalies in device behaviour across the network to identify threats and uses aggregated data to ensure safe pathways for legitimate traffic. Investing in new intelligence that incorporates 5G visibility will enable SAM to predict the next widespread attack.

SAM was founded by CEO Sivan Rauscher, CTO Eilon Lotem, and Vice-Chairman Shmuel Chafets who previously served as cyber specialists in elite units of the IDF, including Unit 8200. Team8 Co-Founders Nadav Zafir, Israel Grimberg, and Liran Grinberg serve as SAM’s advisors.

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SAM specialises in protecting networks and smart devices for SMBs and consumers through an innovative software security solution integrated into the network gateway. “Since we’re the fastest growing and most widely deployed solution in our space, we’ve been able to improve our behavioural and machine learning techniques to not only detect, but prevent attacks targeting smart devices”, said Rauscher.