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Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space

Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space
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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 part of a larger investment round that will be announced by Upstream during Q2 2021. In addition to MSI, I.D.I. Insurance Company, one of the Israel s leading insurance companies, also took part in the investment round. Earlier this year, I.D.I. together with MSI, launched a joint technology hub in Israel. ....

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Japan's Mitsui insurance invests $36 million in Israel's Upstream Security

Injection of funds is part of C funding round of startup, which offers cloud-based cybersecurity solutions for connected and autonomous vehicles ....

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Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space

Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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MSIG partners with Singapore Cancer Society to raise public awareness on cancer risks

MSIG partners with Singapore Cancer Society to raise public awareness on cancer risks
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Max Life Insurance expects over 11% business growth in FY21: CEO

Outpacing the industry s growth at 11 per cent during nine months to December 2020 amidst the pandemic, Max Life Insurance hopes to post even better numbers at the close of 2020-21 on the back of strong distribution network and digital expansion, the company s top official said.
Max Life outperformed the private sector life insurance industry as well as top-three private players in the first nine months of 2020-21, wherein top-10 private players de-grew by 5 per cent.
At the end of nine months of this fiscal, we have grown at about 11 per cent. And, we hope that the number will get accelerated further. We are expected to grow higher than 11 per cent (by the end of March 2021), Max Life Managing Director and CEO Prashant Tripathy told in an interview with PTI. ....

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