GuardKnox drives off with $21m series A

Jun 10, 2019 • Jack Hammond

Faurecia, SAIC, Kardan, Allied Group and Cyphertech all took part in the round, which increased connected car security platform GuardKnox's overall funding to $24m.

Israel-based in-vehicle cybersecurity technology developer GuardKnox has raised $21m in a series A round that featured automotive components maker Faurecia, car manufacturer SAIC Motor and real estate developer Kardan.

Investment firm Fraser McCombs Capital led the round, which also featured Allied Group, a joint venture of carmaker Skoda and automobile importer Champion Motors, as well as carparking ticketing technology company Cyphertech.

Glory Ventures, VectoIQ, Plug and Play and NextLeap Ventures also took part, as did several private investors. SAIC Motor…

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