GuardKnox announced the completion of its $21 Million Series A round of funding, bringing its total raised to $24 million. The round was led by Fraser McCombs Capital with participation from global investors including automotive technology leader Faurecia, SAIC Capital (Shanghai Automotive), Glory Ventures, NextLeap Ventures, VectoIQ, Plug and Play, Allied, Cyphertech, and Kardan LTD.
The funding will be allocated to expand GuardKnox’s R&D team in order to meet the growing needs of its customers. The company will also distribute funding to support its global expansion, opening subsidiaries in strategic locations. These initiatives will enable GuardKnox to achieve its aim of eliminating risks of cyber security threats from connected and autonomous vehicles worldwide through its innovative next-level solutions.
GuardKnox pioneered the approach of using a deterministic model of cybersecurity protection, a zero-trust method allowing no margin for unexpected communication by passing all messages entering vehicles’ networks through routing, content and contextual layers. Messages received by the GuardKnox system that are not precisely designated as acceptable are immediately rejected.