Denso one of the world's largest automotive suppliers, has announced a significant investment in US-based start-up Dellfer, an IoT and automotive cybersecurity company based in San Francisco, California. Dellfer is focusing on cybersecurity solutions against "zero day" attacks within connected networks such as deployed IoT devices, and in the future, connected vehicles.
Dellfer states the funds will be utilised to build out its development team and begin discussions with early adopter customers, including Denso.
"As cars become smarter, more connected, and autonomous, advanced safeguards to secure and protect the technology within those vehicles will be a key area of focus for Denso, and the auto industry as a whole," said Tony Cannestra, director of corporate ventures at Denso. "We will continue to strongly support technologies like Dellfer's to ensure that a safe and secure mobility future is delivered to our customers."
James Blaisdell, CEO, Dellfer said: "This investment accelerates our mission for IoT device cyberspace protection against zero day attacks. We look forward to a deep and fruitful partnership with Denso to deliver advance safeguards for protecting vehicles."
Denso says it will continue to evaluate technology investment opportunities for automotive solutions and innovative technologies with potentially significant implications for the future of transportation. The company focuses on advancing four core areas: connectivity, autonomous driving, shared mobility and electrification (CASE) technologies.
The company opened started an office in Silicon Valley in 2011, and in 2014 it created a dedicated corporate venture capital (CVC) group to pursue early stage investment opportunities around the world with entrepreneurs and startup companies. It also lends expertise and monetary support to two technology incubators – Prospect Silicon Valley and NextEnergy.