Upstream Security raises $30 million to protect connected cars…

Upstream Security raises $30 million to protect connected cars from cyberattacks | VentureBeat

Upstream Security had previously raised around $11 million, and while an extra $30 million in the bank will certainly help it double down on its product development, arguably the most notable facet of this funding is the strategic investments made by some of the world’s biggest automotive companies.

“This first of its kind investor syndicate, which includes some of the most important smart mobility companies in the world, is a testament to the severity of the problem the industry is tackling and a ringing endorsement of Upstream’s technology and the progress our team has made,” Levy added.

Volvo’s investment director, David Hanngren, said that his company weighed up a number of similar platforms before electing to invest in Upstream Security.

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