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