Automotive cybersecurity and data analytics provider for connected vehicles Upstream Security has closed a $62 million investment as part of round C funding, thereby completing a total of $105 million investment since its founding, the company announced Tuesday.
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This latest investment, which was led by Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc., was joined by new investors I.D.I. Insurance, 57 Stars' NextGen Mobility Fund, and La Maison Partners. These parties join Upstream's existing investors Glilot Capital, Salesforce venture, Volvo Group Venture Capital, Nationwide, Delek US, and others.
Upstream provides a cloud-based cybersecurity and data analytics platform which taps the mounts of data stored in connected vehicles and combines it with purpose-built artificial intelligence and machine learning technologies to empower its customers to improve business results by offering advanced security capabilities as well as data analytics actionable insights.
"We are excited to reach this important milestone and welcome new investors, who believe in our mission to unlock the value of mobility data." said Yoav Levy, CEO and בo-founder of Upstream Security. "Upstream is well poised to tap this growth and capitalize on the business opportunities shared by our customers and partners."
