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.
How GM, Toyota and a Couple of Gutsy Managers Made the U.S. Version of the Two-Seater a Reality
For conducting business in the U.S. market, Toyota has historically had several separate business entities: a sales and distribution company headquartered in California (Toyota Motor Sales, USA); manufacturing operations (Toyota Motor Manufacturing North America); a racing subsidiary (Toyota Racing Development, USA); the Toyota Technical Center for R&D in Ann Arbor; and a design facility in California (Calty Design Research, Inc.). On April 1, 2006, Toyota merged its R&D operations and its manufacturing operations into a single company.
Although the RAV4 has plenty of heritage in the small crossover segment, competition has gotten a whole lot tougher, so Toyota has made significant changes to the fourth-generation model.