Upstream Security receives investment from Cisco

ANN ARBOR–Upstream Security, a provider of cybersecurity extended detection and response software and services for connected vehicles and the Internet of Things, announced it received an investment from Cisco Investments.

The amount and terms of the investment were not disclosed.

Upstream already protects millions of mobility connected vehicles and IoT devices worldwide, offering a cloud-based multi-layered approach to extended detection and response.

“We are thrilled to welcome Cisco Investments to our group of investors,” Yoav Levy Upstream co-founder and CEO, said. “This investment provides a unique opportunity to deepen our impact on the IoT sector, and more specifically mobility, automotive and transportation.”

Added Cisco Investments vice president Aleem Rizvon: “Together with our partners, Cisco is enabling automobile manufacturers across the globe to provide mission-critical, secure connectivity as cars transform into data centers on wheels. With an expected 95% of new vehicles having embedded connectivity by the year 2030, we can also expect a rise in automotive cybersecurity threats. Investing in solutions, to ensure the right safeguards for secure connectivity and operation are in place, is critical to instill the trust needed for wide adoption of the technology, not just in the automotive segment, but more broadly for other IoT applications, as well.”

Upstream’s cloud-based IoT XDR platform analyzes, in real-time, the contextual state of physical IoT assets and their connected ecosystem to identify and mitigate cyber risks. The platform is agentless, requiring no installation of software or hardware, enabling rapid deployment and comprehensive coverage of devices already in production.

The platform analyzes vast amounts of connected vehicle data, IoT protocols, telematics, API transactions, and other data streams from tens of millions of devices, endpoints, and application consumers. This data enables the creation of unique digital twins—near real-time representations of devices and endpoints, facilitating holistic and effective detection. By monitoring devices, services, and overall asset behavior, the Platform detects both known and unknown anomalies based on proprietary machine-learning-powered models.

Upstream recently published its 2024 Automotive Cybersecurity Report, providing a detailed analysis of the cyber landscape across the Automotive and Mobility ecosystem, emerging risks, and the evolving regulatory landscape. More at www.upstream.auto.

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