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."