Upstream Security, a Herzliya, Israel-based leader in automotive cybersecurity and data management for connected vehicles, closed a Series C round with an investment made by BMW i Ventures.
The company intends to use the funds to double down on growth and global expansion.
Led by Yoav Levy (CEO) and Jonathan Appel (CTO), Upstream provides a data management platform purpose-built for connected vehicles, delivering automotive cybersecurity and advanced data-driven applications. The platform utilizes connected vehicle data to secure vehicles already on the road against known and unknown cyber-attacks and helps OEMs to unlock the value of automotive data. The company empowers automotive stakeholders including OEMs, Tier 1 and 2 suppliers, and mobility service providers, to leverage their data, secure their assets, and comply with cybersecurity regulations.
The partnership between Upstream and BMW provides a business and technology platform to collaborate on projects that improve and enhance the utilization of data analytics and technologies available for the connected vehicles industry. The collaboration with Upstream started back in 2019 when Upstream joined the BMW Startup Garage program and became a supplier of the BMW Group. The pilot project was completed by the BMW Technology Office in Israel. Leveraging the BMW Startup Garage program, Upstream can harness experienced and specialized resources to develop and test its technology.
FinSMEs
11/11/2021