Japan-based Denso Corp., which operates its North American headquarters in Southfield, has announced an investment in Dellfer, a California-based IoT (Internet of Things) and automotive cybersecurity startup.
Dellfer focuses on cybersecurity solutions against zero-day attacks within connected networks such as deployed IoT devices. It plans to work with connected vehicles in the future. Zero-day attacks are attacks on a network that take advantage of a security weakness the same day that the weakness is found. Dellfer will use the proceeds from the investment to build out its development team and begin discussions with customers, including Denso.
“As cars become smarter, more connected, and autonomous, advanced safeguards to secure and protect the technology within those vehicles will be a key area of focus for Denso, and the auto industry as a whole,” says Tony Cannestra, director of corporate ventures at Denso. “Denso will continue to strongly support technologies like Dellfer’s to ensure that a safe and secure mobility future is delivered to our customers.”
Denso Corp. is a global automotive supplier of advanced technology, and systems and components in the areas of thermal, powertrain control, electronics, and information and safety. Its customers include all of the world’s major carmakers.
The company has more than 200 subsidiaries and affiliates in 38 countries and regions. It employs more than 150,000 people. More than 23,000 of them are employed in North America, and 17,000 of these are employed in the U.S. Denso’s North American consolidated sales totaled $9.6 billion for the fiscal year ending March 31, 2017, while Denso Corp.’s consolidated sales totaled $40.4 billion.