Security provider for connected cars, Argus Cyber Security, Thursday announced that it has raised $26M in Series B funding to accelerate the development of its product offering, and to strengthen its market reach and support.
Argus provides ready-to-embed, cyber security solution suite for automobiles and aftermarket connectivity platforms such as OBD-II devices. Argus said that its solutions prevent a vehicle’s critical systems from being hacked and are seamlessly integrated into any vehicle production line, with no architecture changes needed.
Argus said that car manufacturers using the Argus Cyber Dashboard gain situational awareness to the cyber health status of their fleets, receive pin-point alerts and respond in real-time to cyber attacks.
The company added that based on Deep Packet Inspection (DPI) and Big Data patent-pending technologies, it delivers future-proof, adaptable protection against new threats as they emerge, keeping vehicles safe for their entire life span.
Ofer Ben-Noon, Co-Founder and CEO at Argus
Facing growing public concern and emerging regulatory oversight, the automotive industry clearly adopted a proactive approach towards cyber security. The projects we have completed and others we are now collaborating on with leading car manufacturers and industry players prove that cyber security has become a top priority for the industry’s key decision makers.
