News
SAM Seamless Network raises $12M
November 2018 by Patrick LEBRETON
SAM Brings Enterprise Grade Security to IoT, Home and Private Networks,
Raises $12M Series A Investors include Intel Capital, NightDragon, and ADT
SAM System Technology Aligns with ADT’s Vision for Comprehensive Home
Security Dave DeWalt named Chairman of the Board
SAM Seamless Network announces that it has completed a $12m Series A financing round. The round, led by Intel Capital, includes participation from Dave DeWalt’s NightDragon, ADT Inc. (NYSE: ADT), and Blumberg Capital. SAM’s cybersecurity software protects local area networks and all of their connected devices directly at
the source of entry at the ISPs via the router. With the new round of
funding, SAM plans to expand its machine learning research and to further
its growth in US and European markets to meet its customers’ increasing
security needs.
Gartner estimates that by 2020 there will be 20.4 billion connected “things” around
the world. According to SAM research, there are an average of 5 attacks per
home user per day. With an increase in the number of home devices, network
operators and internet service providers cannot rely on consumers alone to
protect themselves.
Intel is enabling the integrating of SAM technology into products in Europe
and North America. Intel is leveraging SAM to further enrich its security
offerings, while ADT continues to explore the possibilities of utilizing
SAM’s seamless security to enhance its Digital Security offerings for
residential customers across North America.
In addition, Dave DeWalt – a leading cybersecurity executive and the former
CEO of McAfee and FireEye – has joined SAM as board chairman.
SAM emerged from stealth in February 2018 with a seed round of $4 million,
which was led by Blumberg Capital and the Richter Family Fund, bringing the
total funding to date to $16M. SAM was founded by former cyber specialists
in the Israeli Army, who served in the most elite units such as 8200,
including CEO Sivan Rauscher, CTO Eilon Lotem, and Vice Chairman Shmuel
Chafets. Team8 Co-Founders Nadav Zafir, Israel Grimberg, and Liran
Grinberg, serve as SAM’s advisors.
he company’s technology is already integrated on parts of the network of
Bezeq, Israel’s largest telecommunications operator. It is also currently
operating pilot programs in Europe and North America. SAM has successfully
monitored over 4 million devices, enriching its artificial intelligence
cloud to reveal new attack patterns such as backdoors to IoT devices, and
creating advanced security policies.
SAM Seamless Network provides ISPs and telecommunications companies with a
cybersecurity software-based solution that protects any network, including
home, small home offices (SOHO) and small to medium business (SMBs) by
securing the gateway and all of its connected devices. The software is
installed on top of any gateway (legacy and pre-market), without
necessitating additional manpower. It has an ultra-light footprint, and
does not require any extra hardware or additions to be installed on the
connected devices. SAM’s solution can be optimized for any network by
customizing security policies according to the connected devices and their
behavioral signature, isolating suspicious entities and using advanced AI
algorithms in order to detect anomalies. In addition to cybersecurity
abilities, SAM helps ISPs and telecommunications companies enrich their
value proposition for their customers by providing network visibility,
management abilities, and parental control.
