Automotive start-up Upstream raises $62M Series C to scale cloud-based security

Automotive start-up Upstream raises $62M Series C to scale cloud-based security

Back in 2015, scientists Charlie Miller and Chris Valasek remotely hacked into a Jeep Cherokee driven by a Wired press reporter, Andy Greenberg, in an effort to warn the car market of prospective mistakes in their software application and influence legislation around automotive cybersecurity. It did that and more. Fiat Chrysler, which owns Jeep, wound up recalling […] Aside from a massive hit to Jeep’s brand name image, Yoav Levy, co-founder and CEO of automotive cybersecurity business Upstream, reckons this stunt cost the automaker more than $1 billion in losses from recalls.”From the car manufacturer’s cloud, we keep track of all the data that is being sent out towards the car before the vehicle is in fact getting it, and if we’re doing a good task, we can in fact obstruct these messages before they get to the cars and truck,”Levy told TechCrunch. Aside from scaling its security operations even more, Upstream likewise plans to utilize the fresh funds to broaden its offerings in information analytics, insurance telematics, predictive analytics and organization intelligence, the company said. Image Credits: Upstream.

Zūm CEO Ritu Narayan describes why equity and availability works for mobility services

Zūm CEO Ritu Narayan describes why equity and availability works for mobility services

Getting children to school safely is a challenge almost as old as public education. Seldom have entrepreneurs took on the problem of enhancing and upgrading one of our largest transit systems. Ritu Narayan was working as a product executive at eBay when her 2 children started going to school. It’s funny, because we used to state that student transport is a recession-proof company, and no matter what, kids are still going to go to school, but the pandemic was the very first time in most likely the last 100 years when kids throughout the globe did not go to school. We helped the school districts with reverse logistics, taking the meals or laptops from the school districts and providing them to homes, due to the fact that our software could deal with that kind of thing.

Mobility start-up Plentywaka picks up $1.2 M seed, gets Ghana’s Stabus

Mobility start-up Plentywaka picks up $1.2 M seed, gets Ghana’s Stabus

Lagos and Toronto-based mobility start-up Plentywaka has raised a $1.2 million seed round to scale its operations on the back of leaving the Techstars Toronto accelerator program last month. Canadian-based VC company The Xchange led the round, SOSV and Shock Ventures took part, while Techstars Toronto made a follow-on financial investment. Nigerian companies Argentil Capital Partners and […] In April this year, Isidore, fascinated by the pace at which Plentywaka was scaling, asked Akumah if his company had strategies to scale to Ghana. The Plentywaka CEO answered in the affirmative, revealing a timeline edging towards the end of the year. Some of Stabus’ (now Plentywaka Ghana) customers include multinationals like MTN and GB Foods. Travelers in Accra will start to utilize the service when Plentywaka Ghana goes live on September 16. Canadian-based VC company The Xchange led the round, SOSV and Shock Ventures got involved, while Techstars Toronto made a follow-on investment….

Adequate raises $160M to scale its battery swapping service

Rather of an EV battery being something that requires to be charged, like an iPhone, Ample wants to turn them into things that can be swapped out, like batteries in a digital electronic camera. Ample’s battery switching model is easy on paper, the company is proposing thinking about EV batteries in a totally various method.

DigiSure, the mobility insurance platform with high-tech screening, comes out of stealth with $13.1 M raise

DigiSure, the mobility insurance platform with high-tech screening, comes out of stealth with $13.1 M raise

DigiSure, a digital insurance company that deals with contemporary mobility kind factors like peer-to-peer marketplaces, is officially coming out of stealth to announce a $13.1 million pre-Series A financing round. The startup will use the funds to employ more than 50 engineers, information researchers, company compliance, advancement and insurance experts, as well as scale into […] Given that its founding in 2018, DigiSure has developed an organization around using AI and maker knowing to handle big information in real time in order to provide a nuanced risk evaluation and more fairly priced liability insurance coverage for individuals renting vehicles. DigiSure’s Defense Suite utilizes traditional underwriting aspects, as well, however likewise utilizes the renter’s deal history together with external information sources that a typical insurance company would not have access to. In the case of shared micromobility, where there’s no bundled insurance item used at checkout, DigiSure would primarily offer its fast screening services to filter out possible loose cannons from hopping on shared bikes or scooters. Presently, DigiSure does not offer any insurance coverage that covers the rider in the event of individual injury, but Shim states that’s standard for the market.

Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm

Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm

We sometimes consider given that the majority of anybody who wishes to end up being state, an Uber chauffeur, can do so. That presumption is a narrow view thinking about there are numerous people who would enjoy to earn earnings in that way but can’t because of lack of cars and truck ownership (and all that goes with it) — — [ …] Kovi operates its”all inclusive”cars and truck subscription model under the premise that more people in Latin America would work for these companies if they might pay for to run the necessary vehicle. When using for loans, 60%of applications are rejected by conventional banking institutions, according to Kovi co-founder and CEO Adhemar Milani Neto. Kovi likewise in the previous year widened its scope from a short-term cars and truck membership to consist of a long-term alternative. Kovi will utilize its brand-new capital to expand its service to new cities in Latin America and double down on existing operations in Brazil and Mexico.

Bonus Crunch roundup: The Nuro EC-1, early-stage growth methods, understanding Salesforce+

Bonus Crunch roundup: The Nuro EC-1, early-stage growth methods, understanding Salesforce+

” With these self driving cars and trucks, it’s only a matter of time before a nation tune is written about a guy’s truck leaving him.” ” Neither JZ nor I believe of ourselves as traditional business owners or that beginning a company is something we had to do in our lives,” says co-founder Dave Ferguson.

< img aria-describedby=" caption-attachment-2188850" loading=" lazy" class=" size-full wp-image-2188850" src=" https://techcrunch.com/wp-content/uploads/2021/08/GettyImages-1269067821.jpg" alt=" Behind the scenes of video recording or recording online motion picture by 8K high definition digital camera and professional screen. YL Ventures' Yoav Leitersdorf and Michael Cortez lay out a roadmap for creators of early-stage cybersecurity companies that are heading toward unicorn status.

Image Credits: Nigel Sussman( opens in a brand-new window) Alex Wilhelm considers last week’s financing news from Carta, Chime and Discord and noodles on what the current rounds indicate for start-ups.