Driving a Safer Future: DRIVESEC Secures $3M to Power Next-Gen IoT and Automotive Cybersecurity Solutions

DRIVESEC - We Secure Your Things is excited to announce that the company has raised €3,000,000 in its latest funding round, a crucial milestone that marks the beginning of a new chapter in its growth and innovation journey. As a pioneering cybersecurity company specializing in the Internet of Things, DRIVESEC is committed to developing cutting-edge products and solutions that secure connected devices in an increasingly interconnected world. This fresh capital injection will be strategically used to further enhance their broad portfolio of cybersecurity offerings, especially in meeting the rising demands of the automotive industry where compliance with evolving regulations is critical. In this sector, with stringent mandates such as UNECE 155 and 156, DRIVESEC’s expertise is invaluable for new model type approvals, ensuring that every process and system meets the highest standards of cybersecurity and safety. The funding will also support the expansion of DRIVESEC’s comprehensive service portfolio, including risk assessment evaluations, system vulnerability assessments for legacy products, and robust support across all development phases—from requirements definition and architecture design to secure hardware and software development. With solutions such as Secure Boot, HW Trust Anchor, HW Security Module, and Cryptolibrary, DRIVESEC provides a secure environment for its customers throughout the product validation and testing phases. Moreover, the newly launched remote testing platform, Weseth, is set to revolutionize how cybersecurity measures are validated and implemented during hardware and software development. This investment underlines confidence in DRIVESEC’s innovative approach and its pivotal role in guiding businesses through the complex landscape of regulatory compliance while safeguarding critical IoT infrastructures.