“Now more than ever before, home security goes beyond the physical premise. The secure home of the future must include Cybersecurity. We’re invested in working with new technology providers to continue to meet the needs of today’s customer, and SAM’s technology provides advanced enterprise-grade security capabilities that help keep homes and their devices secure.”
– Jay Darfler, Senior Vice President, Emerging Markets, ADT
“As the world continues to be more connected, every home, small business, place to congregate and mode of transportation becomes a target for attack. SAM is solving this problem with next-generation, enterprise grade security by WiFi routers. Their technology is making cyber attack prevention both simpler, stronger, and more comprehensive than ever before.”
– Dave DeWalt, Founder, NightDragon Security
“We were impressed with SAM’s technology and level of security for the home network, which is a critical part of building out the future of 5G. Unlike existing solutions, which necessitate buying a new gateway or replacing it with a secure gateway, SAM’s solution provides end-users security, without them needing to do anything. And for telecommunications companies and ISPs, its AI and machine learning capabilities monitor behavior on the network to detect unusual activity and prevent attacks.”
– Dave Flanagan, VP, Intel Corp. & Group Managing Director, Intel Capital
Transaction Overview
- On November 14th, 2018, SAM Seamless Network ("SAM") announced a $12M Series A financing round led by Intel Capital ("Intel") with participation from NightDragon Security ("NightDragon"), The ADT Corporation ("ADT"), & Blumberg Capital. Dave DeWalt has also been named Chairman of the Board
- SAM Seamless Network is a Tel Aviv, Israel-based cybersecurity company that offers a unified, all-in-one, device-agnostic software solution to protect unmanaged networks and IoT devices. SAM provides a software-based security solution that integrates seamlessly with any platform and protects local area networks by securing the gateway and all of its connected devices
- The company's cybersecurity software protects local area networks and all connected devices directly at the source of entry at the ISPs via the router. Installed remotely on existing gateways, SAM doesn't require any additional hardware or a technician to provide comprehensive network security
- SAM was founded in 2016 by CEO Sivan Rauscher, CTO Eilon Lotem, and Vice Chairman Shmuel Chafets, former cyber specialists in elite units of the Israeli Defense Forces including Unit 8200. Team8 Co-Founders Nadav Zafir, Israel Grimberg, and Liran Grinberg serve as SAM's advisors
- SAM emerged from stealth in February 2018 with a $4M seed round led by Blumberg Capital and Richter Family Fund, bringing total funding to $16M. With offices in New York, Berlin and Tel Aviv, SAM had successfully monitored over 4 million devices at the time of the transaction
- The company's technology was already integrated on parts of the network of Bezeq, Israel's largest telecommunications operator, and was operating pilot programs 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
Transaction Significance
- SAM plans to utilize this new influx of capital to expand its machine learning research and to continue its growth in the US and European markets to meet its customers' increasing security needs
- 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
- 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
- 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
- The technology works with leading chipset manufacturers, including Intel, to provide network security from the source. The solution is offered as a service, allowing users to have enterprise-grade protection including virtually patching vulnerabilities such as KRACK and other high-level, targeted attacks
Momentum Cyber's Role
- Momentum Cyber served as exclusive Strategic Advisor to ADT & NightDragon Security
- Dave DeWalt, founder of NightDragon Security and chairman of Momentum Cyber, has also been named chairman of the board for SAM
If you’re navigating a critical inflection point in cybersecurity growth, M&A, or capital strategy, Momentum Cyber brings unmatched sector expertise and senior-level advisory to every engagement. Let us advise you today and help you maximize value with confidence in an increasingly complex cyber landscape.