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Japan's Mitsui insurance ups investment in Israel's Upstream Security

Japan's Mitsui insurance ups investment in Israel's Upstream Security
timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.

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Israeli cybersecurity reigns on

Israeli cybersecurity reigns on
geektime.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geektime.com Daily Mail and Mail on Sunday newspapers.

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Japan's Mitsui Sumitomo Leads $36M Round In Israel's Upstream Security

By NoCamels Team
May 23, 2021
2 minutes
News BriefsTech & Innovation
Upstream Security s monitoring and control center for vehicle cybersecurity. Photo by Yarin Taranos.
Israeli cybersecurity startup Upstream Security announced a strategic partnership with Japan’s Mitsui Sumitomo Insurance (MSI) company through a capital investment of $36 million as part of the Herzliya-based firm’s Series C funding round.
MSI is leading Upstream’s C round as part of a larger investment round that will be announced by Upstream.
Upstream offers cloud-based cybersecurity and machine learning and big data analytics for connected and autonomous vehicles.
The strategic partnership with MSI aims to revolutionize the car insurance industry, allowing insurance companies to use connected vehicle data to gain meaningful insights for various insurance-related areas including improved risk management and enhanced customer experience. ....

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Auto security co Upstream Security raises $36m

The investment is part of a strategic partnership between Upstream and MSI, which will disrupt the telematics insurance market. ....

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Upstream Security Raises $36M from Mitsui Sumitomo Insurance to Disrupt the Telematics Insurance Space

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. ....

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