Qualcomm buys Israeli co SAM Seamless Network

Israeli cybersecurity firm SAM Seamless Community has introduced that it has been acquired by US chip big Qualcomm. “Globes” has realized that the acquisition of the corporate based by CEO Sivan Rauscher, and vice-chairman Shmuel Chafets, a accomplice on the Goal World enterprise capital fund, is for greater than $100 million. So far as is thought, the Israeli firm has raised $30 million to this point with its most up-to-date financing spherical in 2021, giving it a valuation of $60 million.

Among the many firm’s seed traders from a decade in the past are Blumberg Capital, Mindset Ventures and Spark Labs Group. Later traders embrace Intel Capital, Verizon Ventures and BlackBerry. The acquisition continues Qualcomm CEO Cristiano Amon’s custom of creating comparatively small acquisitions, generally after a prolonged negotiation course of. This was the case final 12 months with the acquisition of Israeli firm Autotalks for about $80-90 million, after the 2 initially signed a memorandum of understanding for the acquisition in 2024 for over $300 million.

The brand new technique

The Israeli acquisition matches nicely with the brand new technique introduced by Amon on the latest Computex convention in Taipei, Taiwan: creating processors that enable edge units, with an emphasis on residence and private units, to course of extra data and AI computing operations to ease the computational load on information facilities in head places of work and to speed up computing for the top consumer. To help extra information processed on the gadget aspect, Qualcomm is in search of to thicken the layer of safety to stop disruptions and breaches.

The Israeli firm offers safety for communication networks on the consumer aspect – close to houses or within the connection between communication corporations and houses. SAM works with Web suppliers, communication tools producers and repair suppliers around the globe, offering cybersecurity options and enhancing the consumer expertise for greater than 15 million networks and defending and monitoring half a billion units worldwide. Prospects embrace US telecom giants AT&T and Verizon, Bezeq in Israel, and European suppliers resembling Belgium’s Telenet and the UK’s Virgin Media. SAM’s cybersecurity know-how has been confirmed in emergency situations throughout main geopolitical occasions, offering real-time safety for customers and infrastructure. The corporate’s options enable service suppliers to determine superior threats, act proactively, and supply safer service to their clients. The corporate has 80 staff in Israel and the US.