BMW i Ventures has announced their latest investment with Upstream Security.
The goal is to work with Upstream to accelerate and develop "innovative cybersecurity technologies and promote strategic connected vehicle cybersecurity projects."
www.press.bmwgroup.com
Mountain View, Calif. (November 9, 2021)… BMW i Ventures, the venture capital unit of the BMW Group, announced today a strategic investment in Upstream Security, which aims to accelerate the development of innovative automotive cybersecurity technologies and promote strategic connected vehicle cybersecurity projects.
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.
“As a global provider of premium connected vehicles, 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.”
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.”
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.
The goal is to work with Upstream to accelerate and develop "innovative cybersecurity technologies and promote strategic connected vehicle cybersecurity projects."
BMW i Ventures Invests in Upstream Security to Accelerate the Development of Connected Vehicle Cybersecurity Solutions.
Mountain View, Calif. (November 9, 2021)… BMW i Ventures, the venture capital unit of the BMW Group, announced today a strategic investment in Upstream Security, which aims to accelerate the development of innovative automotive cybersecurity technologies and promote strategic connected vehicle...
Mountain View, Calif. (November 9, 2021)… BMW i Ventures, the venture capital unit of the BMW Group, announced today a strategic investment in Upstream Security, which aims to accelerate the development of innovative automotive cybersecurity technologies and promote strategic connected vehicle cybersecurity projects.
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.
“As a global provider of premium connected vehicles, 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.”
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.”
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.
