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Upstream Security gets Cisco investment to protect connected vehicles and devices
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Upstream Security gets Cisco investment to protect connected vehicles and devices
Apr 10, 2024 5:29 AM

JERUSALEM, April 10 (Reuters) - Upstream Security, an

Israeli auto cybersecurity startup, said on Wednesday it

received an undisclosed investment from Cisco Investments as

demand grows for internet-connected vehicles and other devices.

Cisco Investments is the corporate venture capital arm of

Cisco Systems ( CSCO ).

Upstream said it already protects millions of mobility

connected vehicles and devices globally, using cloud-based

threat detection and response.

"With an expected 95% of new vehicles having embedded

connectivity by the year 2030, we can also expect a rise in

automotive cybersecurity threats," said Cisco Investments vice

president Aleem Rizvon in a statement.

He said that investing in solutions that ensure the right

safeguards for secure connectivity and operation are in place,

"is critical to instil the trust needed for wide adoption of the

technology, not just in the automotive segment, but more broadly

for other (connected) applications, as well."

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