BMW i invests in cybersecurity firm safeguarding software seamlessly. | CybSec Wizard

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TLDR:

BMW i Ventures invests $12 million in cybersecurity firm RunSafe Security
RunSafe Security specializes in protecting software from cyberattacks without disruption

Key Points:

BMW i Ventures recently announced a $12 million investment in cybersecurity firm RunSafe Security, known for its software immunization technology. The investment round was led by Critical Ventures and SineWave Venture Partners, among others. RunSafe Security’s solutions have been adopted by industry leaders in sectors like aerospace, defense, and energy.

RunSafe Security utilizes a patented process called load-time function randomization to protect software from memory attacks, making it difficult for attackers to predict specific functions’ locations. The investment will accelerate RunSafe Security’s efforts in providing solutions that protect software from cyber attacks and expand its platform to offer automated solutions for vulnerability identification and exploit prevention and remediation.

A 2024 report from Upstream highlights the increasing cyber threats in the automotive industry, with cyber incidents doubling from 2022 to 2023. The report emphasizes the need for OEMs to safeguard both software components and sensitive data, especially with the growing reliance on backend systems and continuous software evolution through over the air updates.

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Adrian Johnson

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