Faurecia invests in Israeli start-up to integrate cyber-security in connected cars

by Autocar Pro News Desk , 27 May 2019

Faurecia invests in Israeli start-up to integrate cyber-security in connected cars, Auto News

Leading automotive technology company Faurecia today announced an investment in GuardKnox, an Israeli automotive cyber-security provider, to reinforce data security in the connected car and for new user experiences.

Based in Israel, GuardKnox provides comprehensive cyber defence (hardware and software) for connected and autonomous vehicles. GuardKnox technology will enable Faurecia to propose complete end-to-end solutions integrated into the car vehicle, securing the software, data and cloud connectivity.

Commenting on Faurecia's latest investment, Uri Pachter, managing director of Faurecia Security Technologies, said: "The Israeli ecosystem is leading the innovation and the development of solutions in cyber-security for the automotive market. Therefore, we are very pleased to invest in GuardKnox, a world-leading automotive cybersecurity start-up. Identified through our Tel Aviv technology platform, we strongly believe GuardKnox is the best partner to provide us a competitive advantage in securing user experiences in the Cockpit of the Future."

Moshe Shlisel, CEO of GuardKnox, said: "We are very proud to have a leading automotive technology company as a strategic investor. Faurecia’s confidence in our cyber-security solutions validates our vision to have every vehicle equipped with the most advanced and comprehensive cyber protection assets. This investment enables GuardKnox to continue its growth, expansion and Industry leadership position. We continue to build a global company driven by our shared vision with Faurecia to provide vehicle solutions for a safer and more secure future.

Faurecia's investment in GuardKnox is made by Faurecia Ventures, which advances the French supplier's innovation strategy by identifying, incubating and investing in start-ups with relevant technologies for sustainable mobility and the cockpit of the future.

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