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Upstream Security CEO Yoav Levy explains how data from connected vehicles can provide auto insurance companies key insights on driver usage and behavior.
By NoCamels Team May 23, 2021 2 minutes News BriefsTech & Innovation Upstream Security's monitoring and control center for vehicle cybersecurity. Photo by Yarin Taranos. Israeli cybersecurity startup Upstream Security announced a strategic partnership with Japan’s Mitsui Sumitomo Insurance (MSI) company through a capital investment of $36 million as part of the Herzliya-based firm’s Series C funding round. MSI is leading Upstream’s C round as part of a larger investment round that will be announced by Upstream. Upstream offers cloud-based cybersecurity and machine learning and big da...
Israeli Prime Minister Benjamin Netanyahu with Japanese Prime Minister Shinzo Abe. Photo: GPO. CTech – Japanese-based insurance giant Mitsui Sumitomo Insurance (MSI) will invest $36 million in Israeli vehicle cybersecurity startup Upstream Security. MSI’s investment opens Upstream’s series C funding round that will be completed over the coming months, led by MSI. Israel’s Direct Insurance (IDI), which launched a technological hub in Israel with MSI last year, is also participating in the round, investing $2.5 million. Upstream has raised a total of $43 million to date and will use the...
The investment is part of a strategic partnership between Upstream and MSI, which will disrupt the telematics insurance market.
Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space USA - English News provided by Share this article Share this article HERZLIYA, Israel and TOKYO, May 20, 2021 /PRNewswire/ -- Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc. today announced a strategic partnership through capital investment into Upstream Security, which offers a cloud-based mobility cybersecurity and data analytics platform as part of the automotive OEM's vehicle security operations center (VSOC). MSI is leading Upstream's C-Round as par...