TMCnet News
Dellfer Receives Over $2 Million Seed Investment Led by DENSO to Advance Cyberspace Protection for Connected and Autonomous VehiclesSAN FRANCISCO, April 04, 2018 (GLOBE NEWSWIRE) -- Dellfer, an IoT and autonomous cybersecurity company has announced that it has received a seed investment led by DENSO International America, a leading global automotive supplier of advanced technology. Sand Hill Angels, a Silicon Valley based investment group focused on IoT connected technologies, also participated in the round. "This investment accelerates our mission for IoT device cyberspace protection against zero day attacks," said James Blaisdell, CEO of Dellfer. "We are fortunate to be working in partnership with DENSO to deliver a solution to illuminate and prevent cyber intrusions against autonomous and connected vehicles. As we expand into new IoT segments, Sand Hill Angels will be a valuable partner to accelerate our growth. We have received a great deal of goodwill and support from past partners and colleagues; enabling us to reach this first milestone. We look forward to delivering unique and best practices-- a new gold standard technology for addressing vulnerabilities in critical IoT devices." "DENSO's investment in Dellfer signifies our strong interest in the future cyber protection of vehicles," said Tony Cannestra, DENSO's Director of Corporate Ventures. "We believe that Dellfer's unique zero day attack focus is a foundational piece upon which a larger strategy of vehicle cybersecurity can be created. Understanding new cyber attacks that vehicles will face in the future, and protecting against those attacks, is a critical success factor for enabling a safe and secure mobility experience for drivers and riders. DENSO is looking forward to aggressively working with Dellfer to develop and deploy its technology into the automotive industry." "Sand Hill Angels sees the great value in Dellfer's work in developing the advanced technology to secure critical IoT infrastructure," said Ralph Eschnbach, Vice President at Sand Hill Angels. "It is undeniable that as more IoT devices are connecting to the internet, hackers are getting smarter. This investment will enhance Dellfer's current work in advancing the protection of vulnerable and critical IoT devices." Dellfer will be using the investment to expand operations and formally launch its innovative platform in the automotive industry initially. Please go to www.Dellfer.com for more information. About DENSO in North America About Sand Hill Angels About Dellfer For more information visit our website at www.dellfer.com or reach a media contact at [email protected]. |