GuardKnox News
18 articles
The auto-cybersecurity company files for insolvency after investors withdrew $30 million in planned funding.
GuardKnox, an Israeli auto-cybersecurity company, has filed for insolvency after investors withdrew $30 million in planned funding. The company, which has raised $60 million to date, accumulated debts of NIS 11 million ($3.06 million) and has not paid salaries to its 27 employees for November and December. The financial troubles began during the COVID-19 pandemic and worsened due to the geopolitical situation in Israel. GuardKnoxs investors include Fraser McCombs Capital, Faurecia, and others. The company provides cybersecurity solutions to clients like Porsche and Mercedes-Benz. The board seeks court approval for insolvency proceedings to restructure and recover the company.
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The Israeli startup, which has raised $60 million, has ongoing liabilities of NIS 11 million that it will struggle to repay without legal arrangements.
GuardKnox, an Israeli electric car cybersecurity company, is facing a severe financial crisis with ongoing liabilities of NIS 11 million. Despite having raised $60 million and serving notable customers like Porsche and the US Army, the company is struggling with cash flow issues, leading to significant layoffs and salary cuts. The geopolitical situation and economic challenges have hindered investment opportunities, with a planned $30 million investment being canceled. Additionally, a major customer, eGo Mobile, is in crisis, owing GuardKnox €900,000. However, the company has potential revenue from active transactions with Israeli security agencies and the US military.
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The auto-cybersecurity company files for insolvency after investors withdrew $30 million in planned funding.
GuardKnox, an Israeli auto-cybersecurity company, has filed for insolvency after investors withdrew $30 million in planned funding. The company, which has raised $60 million to date, is facing financial difficulties with debts of NIS 11 million ($3.06 million). The financial troubles began during the COVID-19 pandemic and worsened due to geopolitical tensions in Israel. GuardKnoxs investors include Fraser McCombs Capital and Faurecia, among others. The company has reduced its workforce from 80 to 27 employees and plans to restructure through insolvency proceedings. GuardKnox provides cybersecurity solutions to clients like Porsche and Mercedes-Benz and aims to continue operations if it recovers from the crisis.
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The Israeli startup, which has raised $60 million, has ongoing liabilities of NIS 11 million that it will struggle to repay without legal arrangements.
GuardKnox, an Israeli electric car cybersecurity company, is facing a severe financial crisis with ongoing liabilities of NIS 11 million. Despite having raised $60 million and serving high-profile customers like Porsche and the US Army, the company has been forced to lay off employees and cut salaries due to cash flow issues. The company has also faced setbacks due to geopolitical tensions and the pandemic, which affected investments and customer demand. A planned $30 million investment was canceled, and a major customer, eGo Mobile, is also in crisis. GuardKnox has active transactions with potential revenue of $165 million over the next seven years.
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GuardKnox collapses after raising $60 million, blames war for lost funding | CTech
GuardKnox, an Israeli auto-cybersecurity company, has filed for insolvency after investors withdrew $30 million in planned funding. The company, which has raised $60 million to date, is facing financial difficulties with debts of NIS 11 million ($3.06 million). The financial troubles began during the COVID-19 pandemic and worsened due to geopolitical tensions in Israel. The company has not paid salaries to its 27 employees for November and December and has reduced employee salaries to 80% of their original wages. GuardKnoxs investors include Fraser McCombs Capital, Faurecia, SAIC, and others. The company provides cybersecurity solutions to clients like Porsche, Mercedes-Benz, and the U.S. Army. It plans to restructure and recover while maintaining minimal operations.
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GuardKnox and Wind River join forces to bring new vehicle features to market - Help Net Security
GuardKnox is collaborating with Wind River to enable developers to build secure containerized applications for software-defined vehicles. The collaboration will provide OEMs with flexibility for software distribution, decreasing development and deployment time. The combination of GuardKnox and Wind River solutions allows automakers to utilize cost-effective solutions and reduce complexities in bringing new vehicle features to market.
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GuardKnox Partners with Lattice to Offer Advanced Connectivity Solutions for Automotive Industry
GuardKnox, an automotive technology company, has announced a collaboration with Lattice Semiconductor to develop a cost-effective and flexible solution for advanced Electrical/Electronic (E/E) architecture. The integration of GuardKnoxs Communication Engine and Lattices FPGA solutions will provide high speed and advanced connectivity solutions for vehicular functions. This collaboration aims to meet the evolving requirements of the automotive market, including ADAS and in-vehicle UX. GuardKnox and Lattice will showcase their solutions at CES in Las Vegas and Automotive World Tokyo in 2023.
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GuardKnox to Exhibit Interactive Technology Demos at CES 2023, Highlighting Next-Generation of Software-Defined Vehicle
GuardKnox, an automotive technology company, will be exhibiting their interactive technology demos at CES 2023. The demos showcase how developers and engineers can build Software-Defined Vehicles and provide a safer and more engaging in-vehicle experience. GuardKnox has secured key partnerships with market leaders and is paving the way for the next-gen software-defined vehicle. The company has also achieved significant milestones in 2022, including signing strategic partnerships with Real-Time Innovations, Lattice Semiconductor, and Wind River. GuardKnoxs deep technological expertise enables innovative customer-focused solutions for the automotive industry. They have been recognized as the European Software Supplier of the Year and a Solution Nation First Forty Company. The exhibition will take place from January 5th to 8th in Las Vegas.
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GuardKnox Launches the Cybertech Tier, a New Era for the Global Automotive Supply Chain
GuardKnox, a leading provider of secure computing solutions for the automotive industry, has announced the launch of the Cybertech Tier, a new category on the global automotive supply chain. The Cybertech Tier aims to support the next generation of software-defined and service-oriented vehicles by delivering secure software and hardware solutions. GuardKnoxs products enable multiple functionalities in vehicle architecture, customizable in-vehicle experiences, and fast over-the-air updates. The company is currently working with four leading Tier 1 suppliers in Europe and APAC, as well as OEMs and aftermarket suppliers in the US. The launch of the Cybertech Tier signifies a paradigm shift in the automotive industry and opens up new revenue streams for stakeholders.
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Guardknox Applauded by Frost & Sullivan for Optimizing Automotive Cybersecurity to Help OEMs Develop Personalized and Secure Vehicles
Frost & Sullivan recognizes Guardknox Cyber Technologies Ltd. with the 2020 Global Visionary Innovation Leadership Award for its innovative solutions in the automotive cybersecurity solutions market. GuardKnox aims to empower OEMs to deliver protected, connected vehicles through its secure network orchestrator (SNO) and in-vehicle environment solutions. The company has gained support and investment from Faurecia, Fraser McCombs Capital, SAIC, Plug and Play, and other European executives. GuardKnoxs end-to-end solution enables secure transmission of information between service providers and vehicles. The companys hardware and software solutions can easily integrate with vehicle systems and enable over-the-air software and hardware upgrades. Frost & Sullivan recognizes Guardknox for its growth, diversification, and sustainability strategies.
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Automotive Cybersecurity Startup GuardKnox Raises $21 Million
Automotive cybersecurity startup Guardknox Cyber Technologies Ltd. has completed a $21 million series A funding round. The funding was led by Fraser McCombs Capital and included investors such as Faurecia, SAIC, Glory Ventures, NextLeap Ventures, VectoIQ Acquisition Corp., and Plug and Play Ventures. This brings Guardknoxs total funding raised to $24 million. The company plans to use the funds to expand its research and development team and support global expansion. Guardknox develops an end-to-end automotive cybersecurity product that analyzes all messages entering a vehicles networks in real time, using methodologies adapted from fighter jet defense against cyber attacks.
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https://www.jpost.com/Israel-News/The-Israelis-who-went-from-securing-fighter-jets-to-protecting-cars-583111
GuardKnox, an Israeli cybersecurity company, is leveraging the expertise of veterans from the Israeli Air Force to provide cybersecurity solutions for connected cars. The company focuses on restricted communication between a cars various networks and has developed a patented cyber solution called Lockdown Methodology. This solution prevents attacks from changing the functionality of the vehicle by enabling secure separation of communication networks. GuardKnox has already sold its system to companies such as Porsche, Daimler, and Mercedes-Benz, and plans to expand with other companies in China, Japan, and North America. The company aims to create an improved end-user experience and revenue-generating opportunities for manufacturers.
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GuardKnox Cyber Technologies' Patented Services Oriented Architecture (SOA) Provides Foundation for Future of Secure Subscription-Based Services and Customization of Connected and Autonomous Vehicles
GuardKnox Cyber Technologies has earned its 2nd patent for its automotive Services Oriented Architecture (SOA), which enables additional levels of connectivity and customization in vehicles. The SOA technology creates a secure environment for added services and applications, allowing mission critical and non-mission critical applications to run simultaneously without interference. This technology also provides a secure landing point for hosting, processing, downloading, and OTA updates. GuardKnoxs Central SNO Gateway/Domain Controller serves as a high-powered vehicle cybersecurity platform and foundational layer for future personalization and customization. The company aims to monetize vehicles and offer drivers customizable options. The SOA enables seamless application switching and processing without interruptions. GuardKnox is an automotive cyber-solutions company providing comprehensive cyber defense.
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Motorists Are Wrapping Car Key Fobs In Foil For An Important Reason
Cybersecurity experts recommend wrapping car key fobs in aluminum foil or using a Faraday bag to protect against theft of the code and vehicle. Thieves can intercept the fob signal and copy the code, gaining easy access to the car. Wrapping the fob in foil or using a Faraday bag blocks the electromagnetic field and prevents theft. Moshe Shlisel, CEO of GuardKnox Cyber Technologies, met with automakers to address this vulnerability and urged car companies to find a way to prevent replication of messages and communication between the key and vehicle. In the meantime, he also uses a metal can wrapped in foil for extra protection.
GuardKnox's Patented Cybersecuity Technologies for Vehicles Earn Acclaim from Frost & Sullivan
Frost & Sullivan recognizes GuardKnox with the 2018 European Technology Innovation Award for its cybersecurity framework that prevents cyber-attacks in real time with zero false positives. The framework meets stringent cybersecurity standards and can increase OEM reliability. GuardKnoxs patented SNO hardware and software component provides a high level of vehicle security by allowing only authorized communication. The hardware architecture enables secure physical separation of communication networks, while the service-oriented architecture supports the Communication Lockdown methodology. GuardKnoxs innovative approach offers superior security in connected vehicles, eliminates integration overheads for OEMs, and reduces costs. The companys solution family provides security in-depth with a central gateway ECU drop-in SNO and a local SNO for externally connected ECUs. Frost & Sullivan presents this award to companies that have developed innovative products with rapid market acceptance.
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GuardKnox CEO Moshe Shlisel applies military experience to stop car hacking
Daimler: Largest European innovation platform brings the best mobility startups to the automotive hub of Stuttgart Automotive World
STARTUP AUTOBAHN, an innovation platform based in Europe, has grown significantly within a year, working on over 50 pilot projects with 28 startups from around the world. The company, which was launched in July 2016 by Plug & Play, Daimler AG, the University of Stuttgart and ARENA2036, has since expanded its partnerships to include Hewlett Packard Enterprise/DXC Technology, Porsche, BASF, ZF Friedrichshafen and Deutsche Post DHL Group among others. STARTUP AUTOBAHN is focused on driving the future of mobility, production, and related themes.
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Israeli co GuardKnox protects cars from hackers
The article discusses the potential damage to Chryslers image and finances after a hacker broke into a Jeep Cherokee and controlled its functions, causing it to fall into a canal. The incident prompted Harman, the company that makes the multimedia system for Cherokee vehicles, to acquire several companies in the auto cyber protection industry. GuardKnox, a company that has raised millions of dollars from auto industry concerns, has also signed a contract with an auto manufacturer to install its products in their vehicles. The founders of GuardKnox emphasize that the main threat to the auto industry is not terrorism, but rather cyber criminals motivated by money. They believe that vehicle fleets are particularly vulnerable to cyber attacks. GuardKnox offers proactive defense solutions to protect against cyber attacks on cars.
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