Trillium Raises $11M in Series A2 Funding Led by JAFCO
2018年7月4日 - 10:00PM
JCN Newswire
Trillium Secure, Inc. (Trillium), the global leader in
cybersecurity protection and secure data management for vehicles
and fleets, today announced an $11M round of Series A2 funding led
by JAFCO, with participation from other investors including Airbus
Ventures, Deutsche Bahn Digital Ventures, Mitsubishi UFJ Capital,
Tokyo Century Corporation and Plug and Play Ventures.
The funds will be used for expanding Trillium's product
engineering, sales & marketing and customer support services to
meet its rapidly growing global base of customers, partners and
project deployments. The latest round brings Trillium's total
funding to $15M.
"We believe Trillium's revolutionary business model and
multi-layered approach raise the bar for hackers and Trillium's
competitors in the race to secure and protect vehicles and driver
data," said Shinichi Fuki, President & CEO of JAFCO, Japan's
largest venture capital firm with $3.2 billion in total
commitments. "Effective cybersecurity solutions such as Trillium's
are key to helping ensure a smooth transition to the connected and
autonomous vehicles of today and tomorrow."
The company's Trillium Secure subscription service defends against
cyber-attacks and ensures the safety, privacy and integrity of data
through a patented suite of software products. The Trillium Secure
multi-layered suite of products includes SecureGO, SecureIXS,
SecureOTA and SecureSKYE.
"We support entrepreneurs with unique ideas, value added solutions
and disruptive business models. Trillium represents these elements
and is exactly the type of partner we want when making strategic
investments," said Lewis Pinault, Managing Investment Partner,
Japan & Asia Pacific, Airbus Ventures, the investment arm of
the European multinational aircraft manufacturer. "Trillium has
developed an effective lifecycle solution to securing mission
critical data suitable for use across the transportation
industry."
"A strong partner for cybersecurity is crucial when it comes to
operating connected vehicles and fleets. We see Trillium as one of
the leading players in the market and look forward to supporting
its expansion in Europe," says Boris Kuhn, Managing Director of
Deutsche Bahn Digital Ventures, the venture capital division of
Deutsche Bahn.
Globally, the transportation market is going through dramatic
changes with an ever-increasing number of vehicles connecting to
the internet making their control, communication and entertainment
systems vulnerable to cyber-incursions. The digitization of core
vehicle functions has led to rapid growth in the market to protect
connected vehicles from cyber threats.
"Analysts estimate the transportation industry cybersecurity market
will top $22 billion by 2030," said David Uze, President and CEO of
Trillium. "With this round of investment, Trillium is positioned to
capture a significant share of the vehicular cybersecurity
assurance market."
Due to recently enacted privacy laws like the European Union's
General Data Protection Regulation, as well as California's
Consumer Data Privacy Law, vehicular data lifecycle cybersecurity
assurance is among the most important issues we will face.
"We see Trillium as an excellent partner and investment because of
its advanced technology and industry changing subscription service
business model," said Mr. Yoshita Kitagawa, President, Business
Development Unit, Tokyo Century, a Japan-based leasing and
financing company whose business includes auto leasing and car
rental. "We empower businesses like Trillium and are pleased to
support its continued global customer expansion and product
development efforts."
"Mitsubishi UFJ Capital, as part of Mitsubishi UFJ Financial Group,
the Japan-based banking and financial services group, finds that
Trillium's business model aligns with their core values of
protecting customer assets and safeguarding the privacy and value
of vehicular data," said Mr. Muneki Handa, President of Mitsubishi
UFJ Capital. "Trillium enables value added services for fleets and
other value chain partners by securing and aggregating increasingly
robust pools of that data."
"We seek to invest in companies that are creating the businesses of
tomorrow," said Ivan Zgomba, Partner at Plug and Play Ventures, one
of the most active early stage investors in Silicon Valley. "In a
very short time, Trillium has established itself as a leader in
vehicular cybersecurity and data protection, and we are thrilled to
be part of its journey."
About Trillium Secure, Inc.
Trillium delivers comprehensive cybersecurity protection and secure
data management for vehicles and fleets. Its Trillium Secure
subscription service utilizes multi-layered cybersecurity
technology that hardens connected and autonomous vehicles and
fleets against cyber-attacks. Trillium also offers an authenticated
operational and threat management data solution for fleet vehicles
that preserves privacy, confidentiality and anonymity of data while
at rest and in motion. Trillium serves fleet operators, rideshare
services, vehicular OEMs, aerospace and defense organizations,
insurance companies, mobile carriers and telematics integrators
with its proprietary multi-layered, patented and patent pending
solutions and services. Value-added service providers trust secure,
authentic data from Trillium for car sharing, digital forensics,
preventive maintenance, telematics, usage-based insurance and other
services. Trillium's design centers and fleet security operation
sites are located in Sunnyvale, Ann Arbor, Ho Chi Minh City and
Tokyo; a European design center is scheduled in the third quarter
of this year. For more information visit
www.trilliumsecure.com.
For Media Enquiries, please contact
Adrian.Sossna@trilliumsecure.com.
Source: Trillium Secure, Inc.
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