SAM brings Enterprise-grade Security to IoT, Home and Private Networks

Raises $12M Series A, investors include Intel Capital, NightDragon, and ADT

SAM Seamless Network, the intuitive security system for the home IoT network, has completed a $12m Series A financing round. The round, led by Intel Capital, includes participation from Dave DeWalt’s NightDragon, ADT Inc. , 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. 



Advertisement

Around The World