Karamba Security, a world-leading provider of embedded cybersecurity for connected devices, announced an industry milestone – signed agreements for securing 1 million connected devices. Karamba’s product suite, on display during CES 2020, seamlessly protects connected devices against cyber hacks and provides embedded security for the device life cycle.

“We are excited to reach a significant market traction milestone of 1M protected devices,” said Ami
Dotan, Karamba Security CEO and Co-founder. “We are honored to be trusted by our marquee
customers, to integrate XGuard protection software into their devices,” he added. “Karamba’s
experience with demanding automotive customers has matured and scaled our software to seamlessly
integrate into a variety of connected devices. Vendors’ R&D is focused on innovation, exposing their
devices to cyber-risks, Karamba’s seamless approach to embedding security allows vendors to deliver
secured devices without impacting software development and operations processes.”

As shown in a recent survey conducted among more than 1,000 end users, 87% of consumers expect
manufacturers to protect their devices against cyberattacks. Customer demand is supported by
mounting regulations in 2019 from various industries and standard bodies like automotive ISO 21434,
NIST IoT, ENISTA, California IoT Security Law and others. Manufacturers are required to embed
cybersecurity as part of their software development life cycle (SDLC), to ensure that IoT devices and
automotive ECUs are secured against cyberattacks.

At CES 2020 Karamba Security showcased its flagship software integrity solution XGuard/Carwall as
well as new products and services that enable vendors to seamlessly protect the life cycle of their
connected devices with no development and operations process modification. The suite covers the
entire device life cycle, from design to operations. Visitors saw demos of seamlessly embedded
security and how it can prevent and detect cyberattacks on vehicles and other connected devices.

About Karamba Security

Karamba Security is the embedded security powerhouse, providing industry-leading embedded
cybersecurity solutions for connected systems. Connected device manufacturers in automotive, Industry
4.0, enterprise edge, and IoT rely on Karamba’s products and services to seamlessly protect their
connected devices against Remote Code Execution (RCE) and Command Injection. After over 50
successful engagements with Fortune 100 companies, automotive OEMs, tier-1 providers and other
device manufacturers, connected device providers trust Karamba’s award-winning solutions for
compliance and brand competitiveness when protecting their customers against cyberthreats. Visit their website at www.karambasecurity.com.

About Paladin Capital Group

Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, London, Luxembourg, and Silicon Valley. As a multi-stage investor, Paladin focuses on best-of-breed companies with technologies, products, and services that meet the challenging global cyber security and digital infrastructure resilience needs for commercial and government customers. Paladin has over $1 billion in committed capital across multiple funds. Follow the firm on Twitter @Paladincap, and visit their website at www.paladincapgroup.com.