Upstream Security in Ann Arbor, a provider of cybersecurity extended detection and response for connected vehicles and the Internet of Things (IoT), has received funding from Cisco Investments in San Jose, Calif. The investment amount was not disclosed.
While the proliferation of complex IoT devices in the mobility, automotive, and transportation sectors can provide unprecedented operational efficiencies, advanced connectivity, and software-defined components, it also opens the door for large-scale cyber risks.
This can threaten a company’s availability and data integrity. Businesses like Upstream protect mobility connected vehicles and IoT devices worldwide, offering a cloud-based multi-layered approach to extended detection and response.
“We are thrilled to welcome Cisco Investments to our group of investors,” says Yoav Levy, co-founder and CEO of Upstream. “This investment provides a unique opportunity to deepen our impact on the IoT sector, and more specifically mobility, automotive, and transportation.”
The Cisco Investments funding will be used to expand Upstream’s purpose-built IoT cybersecurity solutions, which are designed to safeguard the mobility and IoT ecosystem across the entire development and production lifecycle.
“Together with our partners, Cisco is enabling automobile manufacturers across the globe to provide mission-critical, secure connectivity as cars transform into data centers on wheels,” says Aleem Rizvon, vice president at Cisco Investments. “With an expected 95 percent of new vehicles having embedded connectivity by the year 2030, we can also expect a rise in automotive cybersecurity threats.”
Upstream’s cloud based IoT XDR platform is engineered to analyze, in real-time, the state of physical IoT assets and their connected ecosystem and to identify and mitigate cyber risks. The platform is agentless, requiring no installation of software or hardware, enabling rapid deployment and comprehensive coverage of devices already in production.
The platform is designed to ingest, parse, and normalize vast amounts of connected vehicle data, IoT protocols, telematics, application programming interface transactions, and other data streams from millions of devices, endpoints, and application consumers.
This data should enable the creation of unique digital twins — near real-time representations of devices and endpoints, facilitating effective detection. By monitoring devices, services, and overall asset behavior, the platform detects both known and unknown anomalies based on proprietary machine learning-powered models.
Coupled with a purpose-built vehicle security operation center dedicated for monitoring and investigating connected vehicles and IoT cyber threats, Upstream products work to provide a suite of cybersecurity solutions and services to help customers identify and remediate cyber threats.
For more information, visit https://upstream.auto/.
