Cybellum, a Tel Aviv, Israel-based provider of Automotive Cybersecurity Risk Assessment solutions, raised $12m Series A funding.
The round, which brought total funding raised to date to $15m, was led by RSBG Ventures with participation from existing investors Blumberg Capital and Target Global.
The company intends to use the funds to accelerate its growth through expanded sales, marketing, and engineering programs and enable the adoption of its Risk Assessment platform and Digital Twin approach by more industries, enabling them to scale vulnerability management operations.
Co-founded by Michael Engstler and Slava Bronfman in 2018, Cybellum provides an Automotive Risk Assessment platform that exposes all the software vulnerabilities in the vehicle’s different components, without ever accessing their source code. The system monitors every strand of code for their exposure to risk, allowing manufacturers to take action immediately and eliminate any cyber risk before any harm is done. It creates a detailed Digital Twin, including even the smallest details of each software component. With the complete Digital Twin on file, Cybellum continuously scans for new emerging vulnerabilities, identifying potential threats impacting certain makes, models, and manufacturing series. The company already partners with 10 leading OEMs and Tier-1 suppliers in the USA, Europe, Japan and China.