TEL AVIV, Israel, June 26, 2017 /PRNewswire/ --
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."
Upstream is part of Capsula.Studio smart mobility group.
About Upstream Security
Upstream Security is the first cloud-based cyber-security solution that protects the technologies and applications of connected and autonomous vehicles. Founded by cyber-security veterans, Upstream Security leverages big data and machine learning to provide OEMs and vehicle fleets with unprecedented, comprehensive, and non-intrusive defense. With Layer 7 security, real-time data protection and anomaly detection, attacks are identified and blocked before they reach and harm the vehicle's network. Upstream Security is headquartered in Herzliya. To learn more, visit:
About Glilot Capital Partners
Glilot Capital Partners is a seed and early stage venture fund that invests in Israel's most extraordinary entrepreneurs. They back teams that develop sophisticated technology, particularly in the areas of enterprise software. The fund creates an environment that makes it possible to generate real, lasting value for both sides of the investment equation. Among the companies Glilot has invested in thus far, five of the first six have been acquired by Microsoft, CA Technologies, Palo Alto Networks, Marketo and Intuit. Glilot Capital Partners was founded in 2011 by Kobi Samboursky and Arik Kleinstein, former entrepreneurs and veterans of the IDF's most elite intelligence unit, and currently manages $125M across its funds.
About Maniv Mobility
Maniv Mobility, Israel's first venture capital fund dedicated exclusively to the new mobility future, has deep connections throughout the global automotive industry, as well as the policy and technology communities. Investing primarily in early-stage Israeli startups, we are mobility specialists - including connectivity, data, autonomous vehicle technologies such as sensors and software, as well as mobility-as-a-service business models. With wide portfolio of sector-leading startups, we actively use our experience, networks and resources to help our founders turn their ideas into great companies.
SOURCE Upstream Security and Glilot Capital Partners