Argus Cyber Security raises USD26m Series B funding

Argus Cyber Security said it has raised USD26M in Series B funding.

The round includes Magna International, Allianz SE, the SBI Group and existing investors Magma Venture Partners, Vertex Venture Capital and the Co-Founder of the RAD Group, Zohar Zisapel. The new funding will support the rapid expansion of Argus´ development and customer support teams as market demand dramatically increases.

Argus bridges the gap between car connectivity and security, helping make the road a safer place. It provides a US government tested, ready-to-embed, cyber security solution suite for automobiles and aftermarket connectivity platforms such as OBD-II devices. Argus solutions prevent a vehicle´s critical systems from being hacked and are seamlessly integrated into any vehicle production line, with no architecture changes needed.

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. Based on Deep Packet Inspection (DPI) and Big Data patent-pending technologies, Argus delivers future-proof, adaptable protection against new threats as they emerge, keeping vehicles safe for their entire life span.