Karamba Security announced that it will receive $12 million in series B round of funding on May 16, 2017. The transaction will be led by existing investors YL Ventures, Fontinalis Partners, and GlenRock Israel, Ltd. The transaction included participation from new investors Paladin Capital Group, Liberty Mutual Strategic Ventures, Presidio Ventures, and Asgent, Inc. which invested for $1,000,000. On the same date, the company received its first tranche of $12,000,000.