Argus Cyber Security

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Argus Cyber Security
IndustryAutomobile Technology
FatePurchased by Continental AG in 2017 for $430 million.
Founded2013; 6 years ago (2013)
Headquarters
Number of employees
70
Websitehttps://argus-sec.com/

Argus Cyber Security is an Israeli automotive cyber security company. It was purchased by Continental AG in 2017, for $430 million.[1] In October 2017, Argus added a solution to enable OEMs to deliver over-the-air vehicle software updates.[2]

The company was founded in 2013,[3] by ex-soldiers of Israel's Unit 8200.[4] The Argus management team includes former employees of Daimler,[5] Fiat Chrysler,[6] and General Motors.[7]

The Israeli startup is headquartered in Tel Aviv, has a team of more than 70 people and offices in Detroit, Silicon Valley, Stuttgart and Tokyo.[8][9] The company has dozens of pending[10] and granted[11] patents and was identified as a Top 25 Technology Company To Watch by The Wall Street Journal.[12]

Argus raised $4 million in September 2014 from Magma Venture Partners, Vertex Ventures, Motus Ventures and from venture capitalist Zohar Zisapel. In September 2015, Argus raised Series B funding totaling $26 million from Allianz Digital Corporate Ventures, Allianz SE, Magma Venture Partners, Magna International, OurCrowd, Vertex Ventures and venture capitalists Zohar Zisapel and Eyal Gura.[13]

As a result of an acquisition in November 2017,[14] Argus Cyber Security will be part of Germany's Continental's subsidiary Elektrobit (EB).[15]

Partnerships[edit]

In January 2016, Argus partnered with Check Point Software Technologies to extend the Argus offering with Check Point Car Capsule for secure communication between vehicle and the cloud.[16]

In July 2016, Argus was chosen to participate in Startup Autobahn, a joint project run by Daimler AG, Plug and Play, University of Stuttgart and ARENA2036.[17]

Argus partnered with Infineon in November 2016 to create an integrated cyber security solution for central gateway protection.[18]

In January 2017, Argus joined with Elektrobit to create a solution to protect electronic control units (ECU). The same month they announced a combined solution with Qualcomm.[19]

In February 2017, NXP Semiconductors announced its partnership with Argus creating a joint solution including Argus IDPS and NXP Calyso MCU to detect and prevent advanced cyber attacks in real-time.[20][21]

In July 2017, Argus and Riscure announced a joint 'capture the flag' competition, participants faced challenges simulating real-life automotive cyber security scenarios to win.[22]

In June 2018, Argus partnered with Phantom Auto on a teleoperation safety technology that blocks attacks on connected vehicles.[23]

Awards and Honors[edit]

References[edit]

  1. ^ Argus investors, employees win big in $430m acquisition 5 November 2017 14:54 Dubi Ben-Gedalyahu, Globes
  2. ^ "Germany's Continental buys Israeli auto cyber firm Argus".
  3. ^ Argus investors, employees win big in $430m acquisition 5 November 2017 14:54 Dubi Ben-Gedalyahu, Globes
  4. ^ Toyota seeks more investments in Israeli auto tech, robotics Tova Cohen, November 5, 2017
  5. ^ "VB Profiles".
  6. ^ "Automotive World".
  7. ^ "Bloomberg Research".
  8. ^ Germany’s Continental confirms buy of Israel cybersecurity firm Argus By SHOSHANNA SOLOMON 5 November 2017, Times of Israel
  9. ^ "Argus Cyber Security".
  10. ^ "These 3 Auto Startups Are the Best of 2016". Fortune.
  11. ^ "Germany's Continental confirms buy of Israel cybersecurity firm Argus". Times of Israel.
  12. ^ "Tech Companies to Watch". The Wall Street Journal.
  13. ^ "Crunchbase".
  14. ^ "Germany's Continental buys Israeli auto cyber firm Argus". Reuters.
  15. ^ Argus Cyber Security and Elektrobit Launch End-to-End Solution for Delivering Vehicle Software Updates Over-The-Air (OTA) 6 November 2017
  16. ^ Shamah, David. "Argus, Check Point team up to prevent car hacking".
  17. ^ "Startup Autobahn sees firms from seven countries make a pitch".
  18. ^ "Cooperation to protect central gateway".
  19. ^ "Argus Expands Connected Car Collaboration - Infosecurity Magazine".
  20. ^ "NXP Joins Auto-ISAC to Collaborate on Security Challenges of Connected Cars".
  21. ^ Ben-Gedalyahu, Dubi. "Israel's auto-tech startups move up a gear".
  22. ^ "Hack the car using an Arduino board with two CAN ports".
  23. ^ "Argus Cyber Security and Phantom Auto Partner to Increase the Security of Teleoperation Safety Technology". www.prnewswire.com. June 5, 2018.
  24. ^ Kerpen, Dave. "20 Tech Innovators to Watch in 2018". Inc.
  25. ^ "2017 Red Herring Europe: Winners".
  26. ^ "Tech Companies to Watch".
  27. ^ "The World's Most Innovative Companies 2017".
  28. ^ "These 3 Auto Startups Are the Best of 2016".
  29. ^ "Europe's hottest startups 2016: Tel Aviv".
  30. ^ "118 Top Up-and-coming Technology Innovators Set to Disrupt Tech Markets".