Argus Cyber Security

Argus Cyber Security is an Israeli automotive cyber security company. It was purchased by Continental AG in 2017, for $430 million.[1] In October 2017, Argus added a solution to enable OEMs to deliver over-the-air vehicle software updates.[2]

Argus Cyber Security
IndustryAutomobile Technology
FatePurchased by Continental AG in 2017 for $430 million.
Founded2013 (2013)
Headquarters
Tel Aviv, Israel
Number of employees
70
Websitehttps://argus-sec.com/

The company was founded in 2013,[3] by ex-soldiers of Israel's Unit 8200.[4] The Argus management team includes former employees of Daimler,[5] Fiat Chrysler,[6] and General Motors.[7]

The Israeli startup is headquartered in Tel Aviv, has a team of more than 70 people and offices in Detroit, Silicon Valley, Stuttgart and Tokyo.[8][9] The company has dozens of pending[10] and granted[11] patents and was identified as a Top 25 Technology Company To Watch by The Wall Street Journal.[12]

Argus raised $4 million in September 2014 from Magma Venture Partners, Vertex Ventures, Motus Ventures and from venture capitalist Zohar Zisapel. In September 2015, Argus raised Series B funding totaling $26 million from Allianz Digital Corporate Ventures, Allianz SE, Magma Venture Partners, Magna International, OurCrowd, Vertex Ventures and venture capitalists Zohar Zisapel and Eyal Gura.[13]

As a result of an acquisition in November 2017,[14] Argus Cyber Security will be part of Germany's Continental's subsidiary Elektrobit (EB).[15]

Partnerships

In January 2016, Argus partnered with Check Point Software Technologies to extend the Argus offering with Check Point Car Capsule for secure communication between vehicle and the cloud.[16]

In July 2016, Argus was chosen to participate in Startup Autobahn, a joint project run by Daimler AG, Plug and Play, University of Stuttgart and ARENA2036.[17]

Argus partnered with Infineon in November 2016 to create an integrated cyber security solution for central gateway protection.[18]

In January 2017, Argus joined with Elektrobit to create a solution to protect electronic control units (ECU). The same month they announced a combined solution with Qualcomm.[19]

In February 2017, NXP Semiconductors announced its partnership with Argus creating a joint solution including Argus IDPS and NXP Calyso MCU to detect and prevent advanced cyber attacks in real-time.[20][21]

In July 2017, Argus and Riscure announced a joint 'capture the flag' competition, participants faced challenges simulating real-life automotive cyber security scenarios to win.[22]

In June 2018, Argus partnered with Phantom Auto on a teleoperation safety technology that blocks attacks on connected vehicles.[23]

Awards and Honors

References
  1. Argus investors, employees win big in $430m acquisition 5 November 2017 14:54 Dubi Ben-Gedalyahu, Globes
  2. "Germany's Continental buys Israeli auto cyber firm Argus".
  3. Argus investors, employees win big in $430m acquisition 5 November 2017 14:54 Dubi Ben-Gedalyahu, Globes
  4. Toyota seeks more investments in Israeli auto tech, robotics Tova Cohen, November 5, 2017
  5. "VB Profiles".
  6. "Automotive World".
  7. "Bloomberg Research".
  8. Germany’s Continental confirms buy of Israel cybersecurity firm Argus By SHOSHANNA SOLOMON 5 November 2017, Times of Israel
  9. "Argus Cyber Security". Archived from the original on 2018-01-08.
  10. "These 3 Auto Startups Are the Best of 2016". Fortune.
  11. "Germany's Continental confirms buy of Israel cybersecurity firm Argus". Times of Israel.
  12. "Tech Companies to Watch". The Wall Street Journal.
  13. "Crunchbase".
  14. "Germany's Continental buys Israeli auto cyber firm Argus". Reuters.
  15. Argus Cyber Security and Elektrobit Launch End-to-End Solution for Delivering Vehicle Software Updates Over-The-Air (OTA) 6 November 2017
  16. Shamah, David. "Argus, Check Point team up to prevent car hacking".
  17. "Startup Autobahn sees firms from seven countries make a pitch".
  18. "Cooperation to protect central gateway".
  19. "Argus Expands Connected Car Collaboration - Infosecurity Magazine".
  20. "NXP Joins Auto-ISAC to Collaborate on Security Challenges of Connected Cars".
  21. Ben-Gedalyahu, Dubi. "Israel's auto-tech startups move up a gear".
  22. "Hack the car using an Arduino board with two CAN ports".
  23. "Argus Cyber Security and Phantom Auto Partner to Increase the Security of Teleoperation Safety Technology". www.prnewswire.com. June 5, 2018.
  24. Kerpen, Dave. "20 Tech Innovators to Watch in 2018". Inc.
  25. "2017 Red Herring Europe: Winners".
  26. "Tech Companies to Watch".
  27. "The World's Most Innovative Companies 2017".
  28. "These 3 Auto Startups Are the Best of 2016".
  29. "Europe's hottest startups 2016: Tel Aviv".
  30. "118 Top Up-and-coming Technology Innovators Set to Disrupt Tech Markets".
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