C2A Security, a Jerusalem-based in-vehicle cybersecurity company has announced that it has raised $6.5 million in Series A funding led by Maniv Mobility and ICV. Labs/02 also participated in this round.
“We are extremely proud to receive the support of such outstanding investors, who will bring tremendous value to the company,” said C2A founder and CEO Michael Dick in a statement. “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.”
Previously, Dick was the co-founder of NDS. And Cisco acquired NDS for $5 billion in 2012.
What does C2A do? The company has developed a unique set of solutions that protect the internal systems of vehicles from cyber attacks in order to ensure passenger safety. C2A does this by utilizing a bespoke suite of solutions that communicate with one another.
Photo Credit: C2A
“We’ve spent several years closely evaluating the in-vehicle cybersecurity market and our technical analysis and conversations with C2A’s customers (have) convinced us that this is the best solution to an acute need that is only going to grow over time,” added Maniv Mobility partner Olaf Sakkers.
C2A can detect and mitigate attacks of all types ranging from autonomous systems hacks to chip-level vulnerabilities. And C2A has integrated a production-ready suite of solutions to leading manufacturers worldwide. Plus the company is planning to utilize the new funding to grow its research and development team and support its rapidly growing customer base.
“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,” explained ICV partner Meir Ukeles. “Having Michael Dick as CEO of C2A, following his incredible success as a co-founder of NDS which was acquired by Cisco for $5 billion, gives us the confidence that he can scale C2A into a massive company.”
Trending on Pulse 2.0
- Report: Bain Capital Is Setting Up A $1 Billion Tech Opportunities Fund
- Gympass Raises $300 Million At A Valuation Of More Than $1 Billion
- Symphony: This $1.4 Billion Company Is Ramping Up To Become A Fintech Juggernaut
- Testim: This AI-Based Software Testing Startup Has Grown 700% In Under Two Years
- Walmart Revamps E-Commerce Strategy And Offers 'Delivery Unlimited' For $98 Per Year