Summary: Israeli auto cybersecurity startup, Upstream Security, has received an undisclosed investment from Cisco Investments as the demand for internet-connected vehicles and devices increases.
Threat Actor: N/A
Victim: N/A
Key Point :
- Upstream Security, an Israeli auto cybersecurity startup, has received an investment from Cisco Investments to meet the growing demand for cybersecurity in internet-connected vehicles and devices.
- Upstream already protects millions of mobility connected vehicles and devices globally using cloud-based threat detection and response.
- Cisco Investments believes that investing in solutions for secure connectivity and operation is critical to instill trust and ensure wide adoption of technology in various connected applications.
JERUSALEM, April 10 (Reuters) – Upstream Security, an Israeli auto cybersecurity startup, said on Wednesday it received an undisclosed investment from Cisco Investments as demand grows for internet-connected vehicles and other devices.
Cisco Investments is the corporate venture capital arm of Cisco Systems.
Upstream said it already protects millions of mobility connected vehicles and devices globally, using cloud-based threat detection and response.
“With an expected 95% of new vehicles having embedded connectivity by the year 2030, we can also expect a rise in automotive cybersecurity threats,” said Cisco Investments vice president Aleem Rizvon in a statement.
He said that investing in solutions that ensure the right safeguards for secure connectivity and operation are in place, “is critical to instil the trust needed for wide adoption of the technology, not just in the automotive segment, but more broadly for other (connected) applications, as well.”
(Reporting by Steven Scheer)
Source: https://finance.yahoo.com/news/upstream-security-gets-cisco-investment-120000794.html
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