Argus Cyber Security Raises $26M in Series B Funding

Funding Rounds

▤ Summary

Argus Cyber Security, a Tel Aviv, Israel-based developer of an automotive cybersecurity platform, raised $26M in Series B funding.The round included Magna International, Allianz SE, the SBI Group and existing investors Magma Venture Partners, Vertex Venture Capital and the Co-Founder of the RAD Group, Mr. Zohar Zisapel.The company intends to use the funds for the expansion of development and customer support teams.Founded in 2013 by Ofer Ben-Noon, CEO, Argus prvides an automotive cyber security platform for car manufacturers, their Tier 1 suppliers and aftermarket connectivity providers to protect connected cars and commercial vehicles from car-hacking.The company also has offices in Michigan, the Silicon Valley, Stuttgart and Tokyo.

$ Funding

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Amount $26.0M Total raised
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Date September 10, 2015 Announcement date
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Investors - Lead investors
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Company http://www.argus-sec.com Funded company

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applications
Security

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PlaxidityX
$10M to $25M