We have had a busy month at Capsula and we'd like to share a few updates with you.
With Prime Minister Modi's's historic visit to Israel last week, India-Israel cooperation is at an all-time high. Capsula joined this wave with a recent announcement that we are expanding to India next year as part of a collaboration with Pinnacle Industries.
Our Managing Director, Ariel Sella, is quoted in the Economic Times: "Pervasive data, computing, and communication allow innovative entrepreneurs worldwide to deliver immense economic and societal gains. We are so excited to commence our first global partnership with Mr. Sudhir Mehta to combine Israel’s technology and startup strengths with the immense potential of Indian entrepreneurs in the Indian market and beyond.”
Next up is the announcement that Upstream Security, one of our Spring '17 Studio residents, has just raised $2 million in seed funding to provide cybersecurity for autonomous fleets. Leading the investment are Glilot Capital Partners, a venture capital fund specializing in Enterprise Software and Maniv Mobility.
Capsula resident and Upstream CEO Yoav Levy is quoted in Globes: “We cracked the code of vehicle security, being the first to offer a cloud-based platform that detects and prevents large-scale attacks on connected and autonomous cars. Our ability to prevent attacks before they reach the vehicles’ network is a unique and superior solution. We are gaining good traction with OEMs and fleet management companies.”
Lastly, we have WayCare, an alum from last summer, which has launched a pilot program in Las Vegas to help the city predict and manage car crashes. The write up in Las Vegas' daily paper describes a technology reminiscent of Minority Report: "Most drivers only dream about the ability to predict vehicle crashes and traffic congestion. That capability could become reality by September, when local transit agencies start testing a web-based computer program that will attempt to forecast accidents and gridlock on two of the busiest freeways in Las Vegas."