Qualcomm acquires Israeli cyber startup SAM Seamless Network
SAM's software protects more than 500 million connected devices as US chip giant expands its cybersecurity capabilities
American semiconductor giant Qualcomm has acquired Israeli cybersecurity company SAM Seamless Network in a deal reported to be worth more than $150 million.
Founded in 2016 by Sivan Rauscher-Ganot and Shmulik Chafets, SAM develops security and intelligence software that helps broadband providers and network equipment manufacturers identify, monitor and protect connected devices across residential and small business networks.
The company’s technology protects nearly 20 million networks worldwide and more than 500 million connected devices. Customers include US telecom operators AT&T and Verizon, Israel’s Bezeq, Belgium’s Telenet and the UK’s Virgin Media.
Using device intelligence, artificial intelligence-powered threat detection and edge-based security, SAM enables service providers to better identify and respond to cyber threats while improving visibility across subscriber networks.
Following the acquisition, SAM will continue operating as an independent business unit within Qualcomm Technologies, with its services continuing to be developed as part of the company’s broader portfolio.
Announcing the deal on LinkedIn, co-founder and chief executive Sivan Rauscher-Ganot said: “From the beginning, our mission has been to make connected networks smarter and safer through device intelligence, AI-powered threat detection, and edge-based security. Joining Qualcomm significantly expands our ability to execute on that vision and support customers worldwide.”
She added that the acquisition marked the fulfilment of a vision shared with co-founder Chafets “to make security accessible to everyone”.
SAM employs around 80 people across Israel and the United States and has raised approximately $30 million from investors including Blumberg Capital, Intel Capital and Verizon Ventures.
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