Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment

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TEL AVIV, Israel, July 28, 2020 /PRNewswire/ — Cybellum, a leader in Automotive Cybersecurity Risk Assessment, today announced a $12 million round A funding, bringing total investment in the company to $15 million.

The financing round was led by RSBG Ventures GmbH with additional investment from Cybellum existing investors, Blumberg Capital and Target Global.

The funding was driven by investors’ excitement over customer and partners engagements, resulting from Cybellum’s unique automotive cyber risk assessment technology. The investment will enable Cybellum to accelerate its strong growth through expanded sales, marketing, and engineering programs. Additionally, it will enable the adoption of Cybellum’s Risk Assessment platform and Digital Twin approach by more industries, enabling them to scale vulnerability management operations.

Introduced by co-founders Michael Engstler and Slava Bronfman in 2018, Cybellum’s Automotive Risk Assessment helps the automotive supply chain to keep its promise to the customer – that every single car

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Census data affects transportation funding

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Transit agencies like the New York State Department of Transportation, the Department of Motor Vehicles and Capital District Transportation Authority are encouraging people to fill out the census because its results affect how more than $675 billion in federal funding is spent on transportation.

According to the U.S. Census Bureau, the federal Department of Transportation’s Highway Planning and Construction program alone distributed more than $38 billion, the fourth-largest amount of federal funding that was impacted by census results.

The Department of Housing and Urban Development distributed billions more in community development block grants, which are discretionary funds that local governments can choose to use on roads.

Census data also affects which areas are classified as urban and which as rural. This categorization impacts eligibility for federal funds. For example, the U.S. DOT’s Urbanized Area Formula Grants are extended to urban areas and to governors to spend on transportation in urban

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Private jet industry asks for bailout funding

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The private-jet industry is asking Congress for bailout money, even as many private jet companies say sales are strong as wealthy flyers avoid commercial flights.

The National Business Aviation Association, or NBAA, which represents private-jet companies and corporate jets, sent a joint letter with other industry groups to congressional leaders saying the industry is facing “increasing financial uncertainty” and that private-jet companies should be included in any airline or aviation bailout.

“Due to the nature of the COVID-19 pandemic, there is currently no certainty as to when economic conditions will improve, which threatens the survival and prospects of thousands of general aviation businesses,” the letter stated.

A bailout for the private jet industry would likely add to a political and populist backlash emerging against government funding for companies in the wake of the coronavirus losses. While a bailout for commercial airlines is being sold as a benefit to the broader

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