LG Electronics’ (LG) board of directors has approved the acquisition of Cybellum, a vehicle cybersecurity risk assessment solution provider. The deal allows LG to assume an approximate 64 percent stake in the tech company valued at USD 140 million, a strategic move that will enhance LG’s cybersecurity capabilities and accelerate its efforts to become an Innovation…
Cybellum, a leader in Automotive Cybersecurity Risk Assessment, announced it has raised $12 million in Series A funding, bringing total investment in the company to $15 million. The financing round was led by RSBG Ventures with additional investment from Cybellum existing investors, Blumberg Capital and Target Global. The investment will enable Cybellum to accelerate its…