The Investment Will Fuel the Growth of Its Automotive Cybersecurity and Data Analytics Platform
Upstream Security, the leader in automotive cybersecurity and data analytics for connected vehicles, announced it successfully closed a $62 million investment as part of round C funding, thereby completing a total of $105 million investment since its founding. 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.