Upstream Security raises $62 million led by Mitsui Sumitomo Insurance

Automotive cybersecurity company Upstream Security closed a $62 million funding round led by Mitsui Sumitomo Insurance , a subsidiary of MS&AD .

Founded in 2017, Upstream provides a cloud-based cybersecurity and data analytics platform which taps the data stored in connected vehicles and combines it with artificial intelligence and machine learning technologies to offer advanced security capabilities as well as data analytics actionable insights.

Its solutions protect vehicles against cyber threats, and its customers include select automotive OEMs, as well as tier 1 and tier 2 suppliers, mobility service providers, and others.

The new investment will be used to expand the company’s offering to current and future customers in the areas of data analytics, insurance telematics, predictive analytics, and business intelligence.