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Upstream Security Raises $2M to Protect Connected and Autonomous Fleets

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An innovative cyber-security cloud-based platform joins the portfolios of Glilot Capital Partners and Maniv Mobility

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Upstream Security, a cloud-based cyber-security platform for connected and autonomous vehicles, recently completed their seed round, securing $2M in an investment led by Glilot Capital Partners, a venture capital fund specializing in Enterprise Software that was recently ranked as the 3rd best performing fund in the world (according to Preqin), with investment by Maniv Mobility.

Upstream Security leverages advanced cloud technologies, big data, and machine learning to provide OEMs and large fleets with unprecedented, comprehensive, and non-intrusive defense. Utilizing their cloud-based layer-7 security gateway and strong analytics engine, threats are detected and prevented before they reach the vehicle's network.

Upstream Security was founded by security veterans Yoav Levy and Yonatan Appel in 2017. Mr. Levy, CEO, has 18 years' experience working for leading companies, including Check Point, Juniper Networks, and Broadcom. He served in a special unit in the Israeli Defense Forces (IDF). Mr. Appel, CTO, specializes in application security and network security, with 18 years' experience, including in Check Point, Imperva, and Microsoft. He served in a technological unit in the IDF's Intelligence Corps.

"We cracked the code of vehicle security, being the first to offer a cloud-based platform that detects and prevents large-scale attacks on connected and autonomous cars," explained Yoav Levy, Co-Founder and CEO of Upstream Security. "Our ability to prevent attacks before they reach the vehicles' network is a unique and superior solution. We are gaining good traction with OEMs and fleet management companies."

"Protecting cars from cyber-attacks is a huge challenge, which the automotive industry will have to solve in the coming years," said Arik Kleinstein, Co-Founder & Managing Partner at Glilot Capital. "We believe that Upstream's cloud-based, big data, machine learning technology, is perfectly suited to solve today's connected cars hazards, as well as the risks associated with tomorrow's autonomous vehicles."

"As we see vehicles become more advanced, more connected and ultimately more automated, they also become more vulnerable. Upstream Security brings the right team at the right time to give assurance to connected car owners and fleet operators that they are secure," said Mike Granoff, founding partner of Maniv Mobility. "Their unique solution goes beyond in-vehicle security to cover the broad scope of communications between cars and fleets."


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Upstream Security Raises $2M to Protect Connected and Autonomous Fleets
Modified on Friday 30th June 2017
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Upstream Security Raises $2M to Protect Connected and Autonomous Fleets
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