Hyundai, Renault and Volvo Invest in Cybersecurity Firm
Israel’s Upstream Security, a startup that specializes in cybersecurity systems for connected vehicles, says it has received $30 million in Series B funding.
The list of investors includes the venture capital units of Hyundai, Renault and Volvo Trucks. Maniv Mobility, an Israel-based venture capital fund that is backed by Lear, Jaguar Land Rover and Valeo, previously has invested in Upstream.
Founded in 2017, Tel Aviv-based Upstream takes a multi-pronged approach to automotive cybersecurity. The company’s cloud-based C4 (centralized connected car cybersecurity) platform protects against threats to vehicle operating systems, remote functions (automatic door locking), third-party smartphone apps and over-the-air software updates.
Upstream says it can identify contextual anomalies such as commands to turn the engine off when a car is in motion. The platform also uses artificial intelligence to learn driver and vehicle behaviors to detect potential fleet-wide attacks.
Based on variances from normal operating conditions, Upstream’s platform assesses, rates and counters various security threats.
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