IoT News

Upstream Security receives investment from Cisco for IoT cybersecurity advancements

April 11, 2024

Posted by: Magda Dabrowska

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Image by Freepik

Upstream Security has announced it received an investment from Cisco Investments. The proliferation of complex IoT devices in the mobility, automotive, and transportation sectors introduces unprecedented operational efficiencies, data-driven services and solutions, and exceptional customer experience. However, advanced connectivity and software-defined components also open the door for large-scale cyber risks, threatening business availability and data integrity.

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,” said Yoav Levy, the co-founder and CEO of Upstream Security. “This investment provides a unique opportunity to deepen our impact on the IoT sector, and more specifically mobility, automotive and transportation.”

This investment by Cisco Investments amplifies the need for purpose-built IoT cybersecurity solutions that will safeguard the mobility and IoT ecosystem across the entire development and production lifecycle.

“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,” said Aleem Rizvon, a vice president at Cisco Investments. “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.

Disrupting the IoT cybersecurity landscape

Upstream’s cloud-based IoT XDR platform analyses, in real-time, the contextual state of physical IoT assets and their connected ecosystem, to holistically 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 ingests, parses, and normalises 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 ML-powered models.

Coupled with a purpose-built vehicle security operation center (vSOC), dedicated for monitoring and investigating connected vehicles and IoT cyber threats, Upstream provides a holistic suite of cybersecurity solutions and services to enable customers to proactively identify and remediate cyber threats. Utilising Upstream’s Ocean AI, Generative AI-powered capabilities, accelerates the investigation remediation process.

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