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Upstream Security Raises $36M From Mitsui Sumitomo Insurance To Disrupt The Telematics Insurance Space

May 20, 2021•about 4 years ago

Amount Raised

$36

Round Type

pre-seed

Herzliya

Description

Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc. today announced a strategic partnership through capital investment into Upstream Security, which offers a cloud-based mobility cybersecurity and data analytics platform as part of the automotive OEM's vehicle security operations center (VSOC). MSI is leading Upstream's C-Round as part of a larger investment round that will be announced by Upstream during Q2' 2021. In addition to MSI, I.D.I

Company Information

Company

Upstream Security

Location

Herzliya, Tel Aviv, Israel

About

Upstream Security offers a cloud-based mobility cybersecurity and data analytics platform purpose-built for connected vehicles and smart mobility services. Upstream's C4TM platform fuses machine learning, data normalization, and digital twin profiling technologies to detect anomalies in real-time using existing automotive data feeds. Coupled with AutoThreat® Intelligence, the first automotive cybersecurity threat intelligence feed, Upstream provides unparalleled cybersecurity and data-driven insights, readily available and seamlessly integrated into the customer's environment and broader vehicle security operations center (VSOC). Upstream is privately funded by Alliance Ventures (Renault, Nissan, Mitsubishi), Volvo Group, Hyundai, Nationwide Insurance, Salesforce Ventures, CRV, Glilot Capital Partners, and Maniv Mobility. Media contact: [email protected] SOURCE Upstream Security

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech