As vehcicles become more connected, they naturally become more prone to hackers. One company fighting the good fight is C2A Security, an Israeli startup providing in-vehicle solutions preventing life-threatening cyberattacks. It has today announced the completion of a $6.5m (£5m) Series A round. The round was led by Maniv Mobility and ICV, with participation from Labs/02.
C2A has developed a suite of solutions that protect a car’s internal systems against cyberattacks, ensuring passenger safety. C2A says it is able to detect and mitigate any type of attack, ranging from autonomous systems hacks to chip-level vulnerabilities. The company 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.
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.”
Olaf Sakkers, partner at Maniv Mobility 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.”