Connected Car
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. Through this partnership, MSI and Upstream will bring the power and benefits of automotive telematics data into the hands of the insurers and policy-holders. “The Upstream and MSI partnership will open new data-driven opportunities for both automotive manufacturers, insurance companies, and their customers,” said Yoav Levy, Co-Founder and CEO at Upstream. “We are excited to work with MSI to expand our existing mobility data platform and to develop deep and long-lasting relationships with their customers and automotive OEMs in Japan.”