Israeli car security co C2A Security raises $6.5m

Car cybersecurity Photo: PR

Jerusalem-based C2A has developed a suite of solutions that protect the car’s internal systems against cyberattacks, ensuring passenger’s safety.

Israeli vehicle cybersecurity startup C2A Security has announced the completion of a $6.5 million Series A financing round led by Maniv Mobility and ICV with participation from OurCrowd Labs/02 technological incubator.

Jerusalem-based C2A has developed a suite of solutions that protect the car’s internal systems against cyberattacks, ensuring passenger’s safety. The suite of solutions communicate with each other, enabling C2A to detect and mitigate any type of attack, ranging from autonomous systems hacks to chip-level vulnerabilities. C2A has already integrated a production-ready suite of solutions to leading manufacturers worldwide and plans to utilize the new funding to grow its R&D team and support its rapidly growing customer base.

C2A founder and CEO Michael Dick said, “We are extremely proud to receive the support of such outstanding investors, who will bring tremendous value to the company. Maniv’s expertise in autotech and strong network across the industry coupled with ICV’s rich experience in cybersecurity brings the perfect combination of skills to the table.” Maniv Mobility partner Olaf Sakkers said, “We’ve spent several years closely evaluating the in-vehicle cybersecurity market and our technical analysis and conversations with C2A’s customers has convinced us that this is the best solution to an acute need that is only going to grow over time.” Meir Ukeles, Partner at ICV said, “I believe that C2A has built a uniquely talented team and has approached this problem in a way that allows carmakers to maintain control over their systems, a critical requirement for penetrating this market. Having Michael Dick as CEO of C2A, following his incredible success as a cofounder of NDS which was acquired by Cisco for $5B, gives us the confidence that he can scale C2A into a massive company.”

Published by Globes, Israel business news - en.globes.co.il - on February 11, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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Car cybersecurity Photo: PR
Car cybersecurity Photo: PR
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