Car cyber security co Upstream Security raises $2m

Yoav Levy and Yonatan Appel

The Israeli company leverages advanced cloud technologies, big data, and machine learning to provide OEMs and large fleets with non-intrusive defense.

Israeli cloud-based cyber-security platform for connected and autonomous vehicles Upstream Security has completed a $2 million seed round led by Glilot Capital Partners, and with the participation of Maniv Mobility.

The Tel Aviv-based company leverages advanced cloud technologies, big data, and machine learning to provide OEMs and large fleets with unprecedented, comprehensive, and non-intrusive defense. Utilizing their cloud-based layer-7 security gateway and strong analytics engine, threats are detected and prevented before they reach the vehicle’s network.

Upstream Security was founded by security veterans CEO Yoav Levy and CTO Yonatan Appel in 2017.

Levy said, “We cracked the code of vehicle security, being the first to offer a cloud-based platform that detects and prevents large-scale attacks on connected and autonomous cars. Our ability to prevent attacks before they reach the vehicles’ network is a unique and superior solution. We are gaining good traction with OEMs and fleet management companies.”

“Protecting cars from cyber-attacks is a huge challenge, which the automotive industry will have to solve in the coming years”, said Arik Kleinstein, Co-Founder & Managing Partner at Glilot Capital. “We believe that Upstream’s cloud-based, big data, machine learning technology, is perfectly suited to solve today’s connected cars hazards, as well as the risks associated with tomorrow’s autonomous vehicles”. “As we see vehicles become more advanced, more connected and ultimately more automated, they also become more vulnerable. Upstream Security brings the right team at the right time to give assurance to connected car owners and fleet operators that they are secure,” said Mike Granoff, founding partner of Maniv Mobility. “Their unique solution goes beyond in-vehicle security to cover the broad scope of communications between cars and fleets”.

Upstream is part of Capsula.Studio smart mobility group.

Published by Globes [online], Israel business news - www.globes-online.com - on June 26, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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Yoav Levy and Yonatan Appel
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