C2A Security, a Jerusalem-based cybersecurity startup providing in-vehicle solutions for connected vehicles, announced the completion of a $6.5 million Series A funding round led by Maniv Mobility, a venture capital fund dedicated exclusively to mobility initiatives, Israeli VC fund ICV, with participation from Labs/02, OurCrowd’s seed-stage incubator focused on deep technology.
C2A, founded in 2016, developed a suite of solutions that protect cars’ internal systems against cyber attacks, ensuring passenger safety. C2A has already partnered with leading manufacturers worldwide, according to the company, and plans to use the new funding to grow its R&D team and support its rapidly growing customer base.
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“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,” said Michael Dick, founder and CEO of C2A, in a statement.
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.”