The company's information security technology will be embedded in the vehicles of a major Japanese manufacturer.
Discretix Ltd. has signed an agreement with a leading Japanese vehicle manufacturer to have its information security technology embedded in the computerized networks of each vehicle, to protect all the information produced and received during journeys. The company expects the deal to generate revenue of millions of dollars each year for the Israeli company. The company did not disclose the carmaker's name.
Since its establishment the company has raised $32 million from a wide range of investors including Accel Partners, Genesis Partners, Pitango Venture Capital, Poalim Ventures, Sequoia Capital, Eurocom Group, Shrem Fudim Technologies Ltd. (TASE:SFKT) Discretix has grown 615% over the past three years but the company does not publish financial statements. Discretix was chosen by "Globes" in 2007 as one of Israel's most promising start-ups.
Published by Globes [online], Israel business news - www.globes-online.com - on November 12, 2008
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