Argus Cyber Security Raises $26M in Series B Funding

argusArgus Cyber Security, a Tel Aviv, Israel-based developer of an automotive cybersecurity platform, raised $26M in Series B funding.

The round included Magna International, Allianz SE, the SBI Group and existing investors Magma Venture Partners, Vertex Venture Capital and the Co-Founder of the RAD Group, Mr. Zohar Zisapel.

The company intends to use the funds for the expansion of development and customer support teams.

Founded in 2013 by Ofer Ben-Noon, CEO, Argus prvides an automotive cyber security platform for car manufacturers, their Tier 1 suppliers and aftermarket connectivity providers to protect connected cars and commercial vehicles from car-hacking.
Car manufacturers using the Argus Cyber Dashboard gain situational awareness to the cyber health status of their fleets, receive pin-point alerts and respond in real-time to cyber attacks.
The company also has offices in Michigan, the Silicon Valley, Stuttgart and Tokyo.

FinSMEs

10/09/2015

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