Cybellum

Company Overview

Snapshot

Founded in January 2016 by Aviram Jenik, Slava Bronfman, and Michael Engstler, Cybellum operates with 11–50 employees. The company raised $14.5M across 2 funding rounds from 3 investors before being acquired by LG Electronics in September 2021.

Business overview

Cybellum provides cybersecurity solutions for automotive component manufacturers and OEMs, as well as medical device OEMs. The company offers a cyber-security X-ray system designed to continuously scan components throughout their lifecycle, ensuring security for both integrated and deployed vehicles. Its technology delivers visibility, context, and agility for vulnerability management and compliance validation, enabling real-time security and operational decisions based on threat intelligence. Cybellum operates within the Cyber Security sector, focusing on industrial security and GRC & vulnerability management, serving the automotive and medical device industries.

Strategic signal

In September 2021, Cybellum was acquired by LG Electronics, marking LG's first Israeli acquisition in the vehicle cybersecurity space. This acquisition signals a strategic move by LG to bolster its automotive cybersecurity capabilities, integrating Cybellum's technology to enhance the security of its vehicle components and systems. For investors, this demonstrates the increasing value placed on specialized cybersecurity solutions within the automotive industry and the potential for strategic exits in this niche.

Company Intelligence Q&A

What was a significant corporate milestone for Cybellum?

Cybellum was acquired by LG Electronics in September 2021, marking a significant exit for the company and a strategic acquisition for LG in the automotive cybersecurity domain.

Which companies has Cybellum partnered with to enhance automotive cybersecurity?

In February 2022, Cybellum announced a new technology partnership with SIEMENS Polarion. In January 2021, PTC and Cybellum partnered to integrate digital security into the product production process. In July 2020, Cybellum announced a strategic cybersecurity partnership with Renault-Nissan-Mitsubishi's innovation lab in Tel Aviv.

What is Cybellum's role in vulnerability management for the automotive industry?

In January 2021, ASRG partnered with Cybellum to enhance vulnerability management automation in the automotive industry. Additionally, in January 2020, Cybellum became a CVE Numbering Authority (CNA), expanding its leadership in automotive cybersecurity.

Did Cybellum secure any funding rounds?

Cybellum secured a funding round in July 2020, led by RSBG Ventures, with participation from Blumberg Capital. The company also received funding in January 2017 from Blumberg Capital and Target Global.

How is Cybellum expanding its reach in the global automotive market?

In July 2021, Toyota Tsusho and Cybellum joined forces to provide automated cyber risk assessment for Japanese automotive manufacturers, indicating an expansion into the Japanese market.