Upstream Security, a new startup founded by two cyber security industry veterans, announced a $9 million Series A today to help protect connected vehicles and eventually autonomous cars.
Today, that probably means a car using a service like OnStar to connect over the internet to your manufacturer for a menu of in-car services such as automated crash detection and stolen vehicle assistance. In the future, it could involve a set of communications between cars, cloud services and a host of other technologies as we move deeper into the use of autonomous vehicles.
The investment was led by CRV. Israeli-based Glilot Capital Partners and Maniv Mobility also participated. Today’s round comes on the heels of $2 million seed round in June.
The co-founders, Yoav Levy and Yonatan Appel decided to bring their years of cyber security experience to bear on securing the connected car. While some companies have looked at this problem in the past by trying to apply the security inside the car itself, Levy said his company is taking a different approach by moving the security layer to the cloud.
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