Upstream Security has secured $ 9 million in series A funding to advance its cloud-based cybersecurity platform for connected cars and self-driving vehicles, after securing $ 2 million in a seed funding round in June.
According to the company, the fresh amount will be utilised for expanding its R&D programme, strengthening research teams in the engineering and security divisions and opening marketing and sales offices in the US and Europe.
The funding was led by CRV (Charles River Ventures) and included expanded investments from Glilot Capital Partners and Maniv Mobility.
Izhar Armony, general partner at CRV, said: “Connected and semi-autonomous cars are already a reality, so it’s a matter of ‘when’ not ‘if’ these self-driving technologies will be deployed at scale. Upstream’s engineers were the first to solve how to protect connected cars and autonomous vehicles using the cloud, crucial for near-term and future deployment of automotive cybersecurity at the fleet level.
"We believe in Upstream’s groundbreaking approach to secure connected and autonomous vehicles and in the abilities of cybersecurity veterans, Yoav Levy and Yonatan Appel, to build a rapidly growing business in this hot, emerging space.”
Talking about the increasing security threats in the connected car industry, Upstream CEO and cofounder Levy commented: “Security solutions for the car are undergoing rapid advances at an unprecedented rate. We’re using emerging technologies like AI and machine learning to carry out an evolutionary leap in cybersecurity for passenger and commercial vehicles.”
It’s not the only money going into this space of late. Earlier this month, Canada-based connected vehicle startup Mojio secured $ 30 million in Series B funding, which will be utilised by the company to expedite its connected-vehicle solution and for global expansion.
The wireless researchers can take advantage of the new multi-user MAC layer enhancements to the 802.11 Application Framework from NI. The support will enable to go beyond the PHY layer to address complex network-level problems that must be solved to make the 5G vision a reality.
5G brings the promise of unseen services and a broad range of use cases such as powering autonomous vehicles, smart factories and eHospitals. While many of these applications will be delivered over cellular links, many will also be served by private networks based on WiFi, which will make 5G a combination of both licensed and unlicensed wireless protocols.
There are many challenges that wireless researchers must address when working toward a more optimal delivery of joint WiFi and 5G cellular services. Wireless researchers can pair the 802.11 Application Framework with NI software defined radio hardware to rapidly conduct network-level, real-time, over-the-air prototyping experiments for a wide range of WiFi and 5G MAC/PHY research. Read more..
In February 2017, IBM unveiled a huge step in the company’s objective of leading the IoT push worldwide with the opening of its new Internet of Things Headquarters in Munich, and the announcement of several deals and partnerships with powerful players in the field: Visa, Bosch, and Indiegogo.
The partnerships pertain to several different aspects of the IoT landscape: monetization, development, and maintenance.
The partnership with Visa centers on the company’s tokenization technology – the security feature that allows users to transmit payment information without the information being stored on the device being used – and integrating it into the Watson IoT Platform. This has the potential to turn any IoT device into a secure point of sale, opening up the potential for smart cars that order their own replacement parts or running shoes that let you know when they’re too worn and suggest replacements for you to order.
Bosch’s partnership with IBM will allow clients to update IoT devices on a large scale in a secure and efficient way by integrating Bosch’s “IoT Rollouts” service into the Watson IoT Platform. This addresses a multitude of issues from security threats from outdated software to the inconvenience of manually updating a constantly growing number of IoT devices.
IBM’s partnership with Indiegogo, building on the crowd-funding site’s current arrangement with Arrow Electronics, will make IBM’s Watson IoT platform available to all qualifying Indiegogo entrepreneurs, allowing new ideas to be developed and brought to market at a much faster rate by using code and technologies that Watson already has available.
IBM’s new partnerships, along with several others, have the potential to advance and spread IoT technology’s influence in various markets faster than ever before.