Dellfer Receives Over 2 Million Seed Investment Led by DENSO to Advance Cyberspace Protection for Connected and Autonomous Vehicles
Investors deepen commitment and support to develop advanced cybersecurity technology for autonomous and connected vehicles.
San Francisco, CA, April 4, 2018 — Dellfer, an IoT and autonomous cybersecurity company has announced that it has received a seed investment led by DENSO International America, a leading global automotive supplier of advanced technology. Sand Hill Angels, a Silicon Valley based investment group focused on IoT connected technologies, also participated in the round.
“This investment accelerates our mission for IoT device cyberspace protection against zero day attacks,” said James Blaisdell, CEO of Dellfer. “We are fortunate to be working in partnership with DENSO to deliver a solution to illuminate and prevent cyber intrusions against autonomous and connected vehicles. As we expand into new IoT segments, Sand Hill Angels will be a valuable partner to accelerate our growth. We have received a great deal of goodwill and support from past partners and colleagues; enabling us to reach this first milestone. We look forward to delivering unique and best practices– a new gold standard technology for addressing vulnerabilities in critical IoT devices.”
“DENSO’s investment in Dellfer signifies our strong interest in the future cyber protection of vehicles,” said Tony Cannestra, DENSO’s Director of Corporate Ventures. “We believe that Dellfer’s unique zero day attack focus is a foundational piece upon which a larger strategy of vehicle cybersecurity can be created. Understanding new cyber attacks that vehicles will face in the future, and protecting against those attacks, is a critical success factor for enabling a safe and secure mobility experience for drivers and riders. DENSO is looking forward to aggressively working with Dellfer to develop and deploy its technology into the automotive industry.”
“Sand Hill Angels sees the great value in Dellfer’s work in developing the advanced technology to secure critical IoT infrastructure,” said Ralph Eschenbach, Vice President at Sand Hill Angels. “It is undeniable that as more IoT devices are connecting to the internet, hackers are getting smarter. This investment will enhance Dellfer’s current work in advancing the protection of vulnerable and critical IoT devices.” Dellfer will be using the investment to expand operations and formally launch its innovative platform in the automotive industry initially. Please go to www.Dellfer.com for more information.
About DENSO in North America
DENSO is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. With its North American headquarters located in Southfield, Michigan, DENSO employs more than 23,000 people at 28 consolidated subsidiaries and 4 affiliates across the North American region. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 17,000 people in Alabama, Arkansas, California, Iowa, Georgia, Kentucky, Michigan, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Texas. DENSO’s North American consolidated sales totaled US$9.6 billion for the fiscal year ending March 31, 2017. For more information, go to www.denso.com/us-ca/en . Connect with DENSO on Facebook at www.facebook.com/DENSOinNorthAmerica.
About Sand Hill Angels
Sand Hill Angels is a group of successful Silicon Valley executives and accredited investors that are passionate about entrepreneurialism and the commercialization of disruptive technologies. Founded in 2000, Sand Hill Angels is an active angel investment group comprised of world-class accredited investors and Senior Business Executives based in Silicon Valley. We are passionate about entrepreneurialism and the commercialization of disruptive technologies, with early stage investments in promising start-ups.
With experience spanning all aspects of growing successful companies — from the formative stage through the management of multi-billion dollar enterprises — Sand Hill Angels seeks to add value, and to provide expertise and assistance to fledgling enterprises. Sand Hill Angels works openly and collaboratively with venture capital funds, other angel organizations, and the Bay Area ecosystem to foster the growth of technology start-ups.
Sand Hill Angels participates in early/seed to Series A, B, C investments, as well as later stage bridge rounds. We do not focus on specific verticals or industries, but invest in companies who have big, disruptive ideas.
Dellfer secures connected cars and other IOT devices through Intrinsic™ protection, enabling the most sophisticated and zero-day cybersecurity attacks to be seen instantly and remediated with precision. We fundamentally alter the security approach for IOT security and help protect critical systems, brands and lives.
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