GuardKnox Cyber Technologies, an Israeli-based car cybersecurity company, recently fund raised $21 million to help them grow their research and development group and expand their worldwide operations.
The Series A round was led by Fraser McCombs Capital and included Faurecia, SAIC Capital (Shanghai Automotive), Glory Ventures, NextLeap Ventures, VectoIQ, Plug and Play, Allied, Cyphertech and Kardan LTD.
Founded in 2016, GuardKnox designs and manufactures a comprehensive cybersecurity platform for automotive applications in vehicles. The company offers solutions that combine software and hardware to deliver optimized, secure, high-performance computing platforms and added services to the automotive industry.
The company claims that its solutions prevent cybersecurity attacks in real time with zero false positives, minimal maintenance efforts and no constant connectivity requirements. Interestingly, the solutions being developed by the company are based on aviation defense methodology, with both the company’s founders and much of its team being veterans of the Israeli Air Force Cybersecurity division.
The new investors include a range of automotive makers and parts suppliers. Faurecia is the world’s sixth-rated tier-1 manufacturer and supplier of auto parts. GuardKnox also has a partnership with Palo Alto Networks Inc. to provide automotive cybersecurity solutions for connected and autonomous vehicles.
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