Upstream Security Raises $36M from Mitsui Sumitomo for Telematics Disruption

(Upstream Security co-founder Yonatan Appel, CTO. and Yoav Levi, CEO, left to right. Source Upstream Security.) 

Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc. (Tokyo) has announced a strategic partnership through capital investment into Upstream Security (Herzliya, Israel), which offers a cloud-based mobility cybersecurity and data analytics platform as part of the automotive OEM’s vehicle security operations center (VSOC). MSI is leading Upstream’s C-Round as part of a larger investment round that will be announced by Upstream during the second quarter of 2021.

“The strategic partnership will help revolutionize the car insurance industry, allowing insurance companies

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