Volvo Group Venture Capital AB has invested in Upstream Security, a leading Israeli automotive cybersecurity company. The investment will fund the development of systems to protect connected vehicles following the introduction of data-driven technologies.
Upstream Security is a Tel Aviv-based start-up company which provides cybersecurity solutions designed specifically to protect connected vehicles from cyber threats or misuse while stationary and in motion.
The investment is a direct result of the Volvo Group’s partnership with DRIVE, the leading innovation centre that focuses on disruptive start-ups in the Israeli mobility sector.
Market research shows that there will be substantial growth in the market for cybersecurity solutions for connected vehicles in the coming years.