C2A Security Completes $6.5M Series A Round to Bring its Best-in-Class in-Vehicle Cybersecurity Solutions to More Automotive Customers

JERUSALEM–(BUSINESS WIRE)–C2A
Security
, an Israeli startup providing in-vehicle solutions
preventing life-threatening cyberattacks, has announced the completion
of a $6.5 million Series A round. The round was led by Maniv Mobility
and ICV with participation from Labs/02.

C2A has developed a unique suite of solutions that protect the car’s
internal systems against cyberattacks, ensuring passenger’s safety.
Using a bespoke suite of solutions that communicate with one another,
C2A is able to detect and mitigate any type of attack, ranging from
autonomous systems hacks to chip-level vulnerabilities. C2A has already
integrated a production-ready suite of solutions to leading
manufacturers worldwide and plans to utilize the new funding to grow its
R&D team and support its rapidly growing customer base.

Michael Dick, Founder and CEO of C2A said, “We are extremely proud to
receive the support of such outstanding investors, who will bring
tremendous value to the company. Maniv’s expertise in autotech and
strong network across the industry coupled with ICV’s rich experience in
cybersecurity brings the perfect combination of skills to the table.”

Olaf Sakkers, Partner at Maniv Mobility said, “We’ve spent several years
closely evaluating the in-vehicle cybersecurity market and our technical
analysis and conversations with C2A’s customers has convinced us that
this is the best solution to an acute need that is only going to grow
over time.”

Meir Ukeles, Partner at ICV said, “I believe that C2A has built a
uniquely talented team and has approached this problem in a way that
allows carmakers to maintain control over their systems, a critical
requirement for penetrating this market. Having Michael Dick as CEO of
C2A, following his incredible success as a cofounder of NDS which was
acquired by Cisco for $5B, gives us the confidence that he can scale C2A
into a massive company.”

About C2A Security: C2A provides protection from life-threatening
cyber-attacks for the automotive industry. Using a bespoke suite of
cybersecurity solutions, C2A provides in-vehicle end-to-end cyber
protection. C2A products are based on a deep knowledge of the automotive
industry’s pains and requirements and have been engineered from the
ground-up with automotive manufacturers’ needs in mind: cost,
time-to-market and integration complexity. C2A was founded by Michael
Dick who previously co-founded NDS, acquired by Cisco for $5B in 2012.
For more information visit https://www.c2a-sec.com
or contact [email protected]

About ICV:
ICV invests in seed and early stage companies
leveraging technology and business model innovation to deliver
disruptive efficiencies to global markets. ICV manages more than $225M
across three funds. Its investment in C2A marks the first portfolio
investment out of ICV III. For more information, visit www.icv.vc

About Maniv Mobility: Maniv Mobility is a leading venture capital
fund dedicated exclusively to the new mobility future. Investing
primarily in early-stage startups, Maniv seeks out ideas around
automotive connectivity and data, autonomous vehicle technologies such
as sensors and software, and novel business models. With deep
connections throughout the global automotive industry, policy and
technology communities, Maniv leverages its network to provide hands-on
support to its growing portfolio. For more information, visit www.maniv.com

About OurCrowd Labs/02: OurCrowd
Labs/02
is Jerusalem’s seed-stage incubator, centered at the heart
of the city’s innovation scene. The incubator’s core mission is to
advance cutting-edge technology that will shape the future in innovative
areas including AI, deep learning, autonomous transportation and smart
cities. Labs/02 invests in outstanding and highly motivated founders,
and leads them with a hands-on, mentorship-driven approach. The
incubator’s program is designed with a boot camp feel to help founders
jumpstart their companies towards success. OurCrowd Labs/02, located in
Jerusalem, is a partnership between OurCrowd, Motorola Solutions (NYSE:
MSI), Reliance Industries (NSE: Reliance) and Yissum (the Technology
Transfer Company of The Hebrew University of Jerusalem.) The incubator
is part of the world famous Israeli incubator program administered by
the Israel Innovation Authority (formerly the office of the Chief
Scientist.) For more information visit: www.labs02.com
or email [email protected].

For Press Materials: http://blog.ourcrowd.com/c2aseriesa

Contacts

Press contactOurCrowd: Leah Stern, Dir. Of
Communications
UK: +44 747 0196826 / US: +1 703 626 4310 / E: [email protected]

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