Argus Cyber Security, a Tel Aviv, Israel-based developer of automotive cyber security solutions, raised $4m in Series A funding.
The round included Magma Venture Partners and Vertex Venture Capital, and a group of prominent investors including Mr. Zohar Zisapel. Following this round, Mr. Ran Achituv, General Partner, Magma Venture Partners and Mr. Yoram Oron, Founder and General Partner, Vertex Venture Capital, joined the company’s board.
The company intends to use the funds to develop its solutions.
Led by Ofer Ben-Noon, Co-Founder and CEO, and Zisapel, Co-Founder and Chairman, Argus is an automotive cyber security provider that enables car manufacturers to protect technologically advanced connected vehicles from current and future malicious attacks.