|Thursday, 22 February 2018, 14:22 HKT/SGT|
|- Seed investment will help Dellfer develop cybersecurity safeguards for connected and autonomous vehicles -|
KARIYA, JAPAN, Feb 22, 2018 - (JCN Newswire) - DENSO, one of the world's largest automotive suppliers, has announced a significant investment in Dellfer, an IoT and automotive cybersecurity startup company based in San Francisco, California. Dellfer is a young startup focusing on cybersecurity solutions against "zero day" attacks within connected networks such as deployed IoT devices, and in the future, connected vehicles. Dellfer will use the proceeds from this funding to build out its development team and begin discussions with early adopter customers, including DENSO.
"As cars become smarter, more connected, and autonomous, advanced safeguards to secure and protect the technology within those vehicles will be a key area of focus for DENSO, and the auto industry as a whole," said Tony Cannestra, Director of Corporate Ventures at DENSO. "DENSO will continue to strongly support technologies like Dellfer's to ensure that a safe and secure mobility future is delivered to our customers."
"This investment accelerates our mission for IoT device cyberspace protection against zero day attacks," said Dellfer CEO James Blaisdell. "We look forward to a deep and fruitful partnership with DENSO to deliver advance safeguards for protecting vehicles."
DENSO continues to evaluate technology investment opportunities for automotive solutions and innovative technologies with potentially significant implications for the future of transportation. The company focuses on advancing four core areas: connectivity, autonomous driving, shared mobility and electrification (CASE) technologies. DENSO opened a Silicon Valley office in 2011, and in 2014 created a dedicated Corporate Venture Capital (CVC) group to pursue early stage investment opportunities around the world with entrepreneurs and startup companies. The company also lends expertise and monetary support to two technology incubators - Prospect Silicon Valley and NextEnergy.
DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.
Sadayoshi Yokoyama, Toshiko Watanabe
Feb 22, 2018 14:22 HKT/SGT
Topic: Press release summary
From the Asia Corporate News Network
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