# Argus Cyber Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/argus-cyber-security

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.argus-sec.com
- Total disclosed funding: $30M
- Latest round: Series B (Sep 10, 2015)
- Investors on record: 6

## About

Argus Cyber Security Ltd. is a specialist in automotive cyber security, providing innovative solutions to protect vehicles from cyber threats throughout their software development lifecycle.Founded in 2013 by Oron Lavi, Argus Cyber Security Ltd. is headquartered in Tel Aviv-Yafo, Israel. The company focuses on automotive cyber security, ensuring vehicle software security. In November 2017, the company was acquired by Continental AG for approximately USD 400 mn, marking a significant shift in its business operations. Argus has completed a total of 3 deals, with the most recent being the Trade Sale to Continental AG.Argus Cyber Security Ltd. specializes in automotive cyber security, offering a comprehensive suite of products and services designed to enhance the security of software-defined vehicles throughout the software development lifecycle. Their core offerings include the DevSecOps Platform, Security AutoDesigner for threat analysis and risk assessment, Code Security Manager for secure development, and Security AutoTester to reveal zero-day vulnerabilities through automated fuzz testing. Additionally, the company provides advanced threat detection and risk mitigation solutions for Electronic Control Units (ECUs), Ethernet networks, and Controller Area Network (CAN) traffic. Argus's client base includes leading automotive manufacturers and OEMs across global markets, particularly in North America, Europe, and Asia, who rely on their expertise to safeguard vehicles against cyber threats while ensuring compliance with industry regulations such as UNR 155 and ISO 21434.Argus Cyber Security Ltd. generates revenue through a combination of business-to-business partnerships and direct sales of its cyber security solutions. The company structures its transactions around subscription models for ongoing services and software licenses, alongside one-time fees for specific security assessments such as penetration testing and compliance evaluations. Specific products, including the Argus Small-Series Starter Kit and their Fraud Detection solution, form key components of their offering to OEMs and Tier 1 suppliers. The pricing plans for these services are structured to accommodate the varying needs of their clients, focusing on tailored solutions that respond to the unique cyber security challenges faced by the automotive sector.Following its acquisition by Continental AG in November 2017 for approximately USD 400 mn, Argus Cyber Security Ltd. aims to leverage its resources for future growth. The company is focused on developing new products, enhancing its suite of automotive cyber security solutions. Additionally, Argus plans to expand into new markets such as Asia and South America by 2025, targeting automotive manufacturers and suppliers in these regions. The recent funding will support these initiatives, allowing Argus to invest in innovative technologies and strengthen its market presence.

## Funding rounds

- Series B, Sep 10, 2015, $26M — Vertex Ventures Israel, SBI Holdings, Magma Venture Partners, Magna International Inc., Allianz AG
- Series A, Sep 29, 2014, $4M — Vertex Ventures Israel, Magma Venture Partners, Motus Ventures

## Investors

- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series A, Series B
- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Series A, Series B
- Motus Ventures (https://capitalatlas.ai/funds/motus-ventures) — Series A
- SBI Holdings — Series B
- Magna International Inc. — Series B
- Allianz AG — Series B