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Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space
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HERZLIYA, Israel and TOKYO, May 20, 2021 /PRNewswire/ Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc. today announced a strategic partnership through capital investment into Upstream Security, which offers a cloud-based mobility cybersecurity and data analytics platform as part of the automotive OEM s vehicle security operations center (VSOC). MSI is leading Upstream s C-Round as part of a larger investment round that will be announced by Upstream during Q2 2021. In addition to MSI, I.D.I. Insurance Company, one of the Israel s leading insurance companies, also took part in the investment round. Earlier this year, I.D.I. together with MSI, launched a joint technology hub in Israel.
Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
ALLIANCE – The city is making progress with plans to redevelop the north side of the 500 block of East Main Street.
City Council passed an ordinance Monday approving an agreement between the city and Intellicore to acquire land owned by the company that Director of Public Safety and Service Michael Dreger said the city needs to reconfigure the area. This is for a small lot that sits next to where we currently have a parking lot, he said.
In February, Council approved an ordinance to demolish four buildings at 172, 176, 530 and 534 E. Main that had been condemned or certified delinquent. Dreger said the city aims to begin demolitions within the next two to three weeks. Alliance plans to repurpose the lots and put them back to use.