October 31, 2017 | German automotive firm Continental is in advanced talks to buy Israel’s Argus Cyber Security firm for a reported $400 million, according to reports in the Hebrew press. Argus, founded in 2013, specializes in “end-to-end” security solutions that protect “smart” cars from hackers and malicious software and is said to be one of the only companies working to come up with cybersecurity solutions for a future autonomous car. Continental is the world’s second-largest supplier of car parts with some $40 billion in annual sales. Argus and Continental already collaborate and earlier this month “jointly launched a technology for delivering over-the-air vehicle software updates with Continental subsidiary Elektrobit,” according to Automotive News. Argus and Continental have declined to comment on the expected sale.
Related posts

AI Can Predict Future Heart Attacks By Analyzing CT Scans

Israeli Startups Create Powerful Drone-Detecting Software

Model Sees Daylight As Boost For Hospitalized Patients’ Health

Facebook comments