VinFast pours capital into Israeli auto security startup
Karamba Security, an Israel-based security startup, has announced that it received additional 10 million USD in the series B round led by Vietnamese auto maker VinFast, a member of Vietnam’s VinGroup conglomerate.
Hanoi (VNA) - Karamba Security, an Israel-based security start𒈔up, has announced that itreceived additional 10 million USD in the series B round led by Vietnamese auto maker VinFast, a member of Vietnam’s VinGroup conglomerate.
The round alsosaw the participation of other major investors such as SVIC, YL Ventures,Fontinalis Partners, Presidio Ventures, Glenrock, Paladin Group, Asgent and LibertyMutual. The round hasbrought Karamba’s total funding to 27 million USD, according to the FinTechGlobal newspaper.
Karamba said investors in the roundare motivated by its strong customer base and leadership in IoT and automotivesecurity.
Founded in 2016,Karamba focuses on securing the entire life cycleof a device without interference of supply chain processes or research anddevelopment. The companyꦗ also has locations in Israel, Germany and the US.
VinFastDeputy CEO Pham Thuy Linh was quoted as saying Karamba could helpVinFast, and other OEMs and IoT device manufacturers, comply with the new cybersecurity regulations, something that is essential for its expansion plans intothe European and US markets./.
The California Governor's Office of Business and Economic Development (GO-Biz) has granted VinFast 20.5 million USD worth of tax credit, the Vietnamese automobile manufacturer said on November 5.
VinFast, the emerging global smart electric vehicle (EV) firm from Vietnam, has unveiled "The Future of Mobility" concept for its upcoming global premiere at the 2021 Los Angeles Auto Show later this month.
VinFast, a smart electric vehicle (EV) manufacturer from Vietnam, officially put its headquarters in the US into operation on November 16 (local time).
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Photo: congnghevadoisong.vn) 
