Venture capital firm BMW i Ventures has invested in Upstream Security to further drive the development of automotive cybersecurity and grow Upstream globally. The two companies are harnessing data analytics and other technologies to forge ahead in this field – promoting connected vehicle cybersecurity and the creation of new cybersecurity tech.
“As a global provider of premium connected vehicles, vehicle cybersecurity plays a key role for the BMW Group as well as its customers. We therefore support 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,” commented BMW general manager for automotive security and data services, Martin Arend.
BMW’s tie-up with Upstream began 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 gains access to 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 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.”