GuardKnox Funding, a Ramla, Israel-based automotive cyber security company, closed a $21M Series A funding round.
The round, which brought total raised to $24m, was led by Fraser McCombs Capital with participation from Faurecia, SAIC Capital (Shanghai Automotive), Glory Ventures, NextLeap Ventures, VectoIQ, Plug and Play, Allied, Cyphertech, and Kardan LTD, as well as a group of strategic industry leaders including Dr. Jürgen Hambrecht, Dr. Paul Achleitner, Robert Taub, Michael Diekmann, Prof. Dr. h.c. Roland Berger, Peter Loescher, Gerhard Roiss, Dr. Kurt Lauk, and Stefan Hambrecht.
The company intends to use the funds to:
– expand its R&D team, and
– support its global expansion, opening subsidiaries in strategic locations.
Founded in 2016 by Israel Air Force Veterans Moshe Shlisel (CEO), Dionis Teshler (CTO), and Idan Nadav (VP R&D), GuardKnox provides a patented and complete automotive cybersecurity product. This includes comprehensive end-to-end solutions combining software and hardware to deliver optimized, cybersecure, high-performance computing platforms and added services to the automotive industry.
The company’s solutions aim to prevent cyber security attacks in real time, with zero false positives, minimal maintenance efforts, and no constant connectivity requirements.
FinSMEs
04/06/2019