LG Electronics has acquired Israeli automotive cybersecurity startup Cybellum. Cybellum, located near Tel Aviv, launched a risk assessment program in 2016 that can scan software on car components for vulnerabilities and hazards. The South Korean electronics manufacturer agreed to buy 63.9 percent of the startup’s stock.
At-Bay, a cyber insurance company, has received $185 million at a $1.35 billion valuation to expand its business, as many in the cyber industry continue to suffer losses as a result of ransomware attacks. According to the firm, it just reached $160 million in annual recurring income, with premium growth
Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, said it raised $200 million in its latest round of funding which valued the company at $2.4 billion. While venture capital investment in cybersecurity has been rising fast over the years, it got