Japan’s Mitsui Sumitomo Insurance Co. (MSI) has increased its investment in Israeli automotive cybersecurity startup Upstream Security, the companies announced on Tuesday, bringing Upstream’s Series C funding up to $62 million.
New investors in the now-completed C round included Israeli insurance company IDI Insurance, 57 Stars’ NextGen Mobility Fund, and French investment club La Maison Partners.
The collaboration will further help the Japanese insurer use Upstream’s machine learning and analytics solutions to get insights from the mobility data for insurance purposes.