Upstream Security Lands Investment from BMW i Ventures to Accelerate the Development of Connected Vehicle Cybersecurity Solutions

HERZLIYA, ISRAEL – November 9, 2021 – Upstream Security, the leader in automotive cybersecurity and data management for connected vehicles, announced today the close of a Series C round which includes BMW i Ventures as a new investor.

 

Upstream provides a data management platform purpose-built for connected vehicles, delivering unparalleled automotive cybersecurity and advanced data-driven applications. The platform utilizes connected vehicle data to secure vehicles already on the road against known and unknown cyber-attacks and helps OEMs to unlock the value of automotive data.

 

BMW is a leader in the smart mobility industry with more than 14 million connected vehicles operating on roads today around the world. The partnership between Upstream and BMW provides a business and technology platform to collaborate on projects that improve and enhance the utilization of data analytics and technologies available for the connected vehicles industry. The collaboration with Upstream started back in 2019 when Upstream joined the BMW Startup Garage program and became a supplier of the BMW Group. The pilot project was successfully completed by the BMW Technology Office in Israel. Leveraging the BMW Startup Garage program, Upstream can harness experienced and specialized resources to develop and test its technology.

 

“Upstream is committed to leading the way in the development of current and future cybersecurity and data management technologies, enabling our customers to unlock the value of mobility data to detect and mitigate cyber threats as well as improve their services,” said Yoav Levy, CEO and Co-founder of Upstream Security. “I am thrilled by the opportunity to collaborate with an industry leader such as BMW, through BMW i Ventures and the BMW Startup Garage. The partnership will undoubtedly contribute to the future of the industry and to securing every driver on the road.”

 

“As a global provider of premium connected vehicles and mobility services, vehicle cybersecurity plays a key role for the BMW Group as well as its customers.” BMW General Manager for Automotive Security and Data Services, Martin Arend, commented. “We therefore support i.a. Upstream’s product development in this area, demonstrating its commitment to shaping the future of secure and safe mobility with its automotive cybersecurity and data management platform.”

 

With the growing number of connected vehicles on the road today, which is expected to multiply over the next few years, the automotive industry is putting an extra emphasis on cybersecurity. New technologies and tools are enabling OEMs to thwart future attacks, keeping their products and passengers safe.

 

Upstream empowers automotive stakeholders including OEMs, Tier 1 and 2 suppliers, and mobility service providers, to leverage their data, secure their assets, and comply with cybersecurity regulations.

 

About Upstream Security

Upstream Security provides a cloud-based data management platform purpose-built for connected vehicles, delivering unparalleled automotive cybersecurity detection and response (V-XDR) and data-driven applications.

The Upstream Platform unlocks the value of vehicle data, empowering customers to build connected vehicle applications by transforming highly distributed vehicle data into centralized, structured, contextualized data lakes. Coupled with AutoThreat® Intelligence, the first automotive cybersecurity threat intelligence solution, Upstream provides industry-leading cyber threat protection and actionable insights, seamlessly integrated into the customer’s environment and vehicle security operations centers (VSOC).

Upstream’s customers include some of the world’s leading automotive OEMs, suppliers, and others, protecting millions of vehicles.

 

About BMW i Ventures 

BMW i Ventures is BMW’s venture capital firm, investing money and resources in startups in the fields of Transportation, Manufacturing, Supply Chain and Sustainability. The firm has made many successful investments over the years in companies such as Bright Machines, Blackmore, Chargepoint, Graphcore, Urgent.ly, Proterra, PureCycle, Solid Power, Tekion, Turntide, Xometry and many more. BMW i Ventures invests in all stages from seed to growth with a focus on Series A/B.

 

About BMW Startup Garage

BMW Startup Garage is the BMW Group’s venture client unit. It shares ideas with more than 1,000 startups in about 30 countries every year, seeking out innovations that deliver real benefits for the BMW Group’s products, services, systems and processes. This secures the company early access to innovations that can be customised before they are ready to market. The startups gain valuable insights into automotive processes and are able to build a network within the company. They also receive assistance in refining their business plan. The aim of the programme is to evaluate startups and enable them as long-term partners for the BMW Group, as a way of strengthening the company’s innovation leadership. The Startup Garage has a presence worldwide at the BMW Tech Office locations: Munich, Mountain View, Shanghai, Seoul, Tokyo and, since 2020, Tel Aviv. More than 100 young companies have completed the program of the BMW Startup Garage to date.

Newsletter Icon

Subscribe
to our newsletter

Stay up-to-date on the latest trends, emerging risks, and updates

Upstream Security and Volta Team Up to Safeguard the Future of Electric Fleets

Upstream will monitor and secure ‘Volta Zero’ electric truck during the London to Geneva EV Rally 2024 Ann Arbor, MI, London, UK (June 19, 2024)…

More Details

Upstream Welcomes ex-Fujitsu Executive to Expand Operations in Japan

Mr. Toshiya Sato will spearhead Upstream’s accelerated growth in the region; Upstream also releases the Japanese edition of its 2024 Global Automotive Cybersecurity Report 日本語プレスリリ�

More Details

Upstream Security and Drivesec Team Up to Offer Automated Penetration Testing with Real-time Threat Monitoring for Automotive and IoT

The joint offering expands and automates cyber risk assessments, testing, and compliance with product-driven threat intelligence as well as detection & response Torino, Italy &…

More Details

Upstream Security Receives Investment from Cisco Investments as the Demand for IoT Cybersecurity Soars

Connected vehicles and mobile IoT devices introduce additional layers of cyber risks, posing threats to operational availability and sensitive data security Read more on Cisco’s…

More Details

Upstream unveils Ocean AI to improve investigations and mitigation of complex cyber attacks

Upstream’s Ocean AI powers the next generation of the mobility and vehicle security operations center (vSOC), delivering unprecedented efficiencies, scalability, and optimizations Ann Arbor, MI&hell

More Details

Upstream Security Named Newest Member of CLEPA, the European Association of Automotive Suppliers

Upstream joins world-leading experts in contributing insight on critical policies in the field of cybersecurity in automotive Herzliya, Israel – March 14, 2024 – Upstream…

More Details
Skip to content