About
TowerSec, a Harman company, specializes in delivering onboard cybersecurity software products to OEMs, suppliers, and aftermarket telematics manufacturers. Built upon the TowerSec acquisition, Harman Automotive Cybersecurity is a full-service global business unit that has deep experience in traditional IT security and embedded security, as well as several years of pioneering work in automotive cybersecurity. The companys telematics cybersecurity solution for connected and autonomous cars is composed of three products: the ECUSHIELD for in-vehicle detection and mitigation; the TCUSHIELD for secure communication with the internet; and the Cybersecurity Dashboard for security information, event management, and remote over-the-air software updates. The solution safeguards, alerts, and protects against out-of-bounds attacks, such as those exploiting cellular channels, and prevents vehicle cyberattacks. TowerSec was acquired by Harman International Industries in 2016. In 2017, Harman became a wholly owned subsidiary of Samsung Electronics Ltd.
Funding history · 1 round · $2.5M total
Company Intelligence Q&A
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- When was TowerSec founded and what was its primary focus?
- TowerSec was founded in March 2012, specializing in onboard cybersecurity software products for OEMs, suppliers, and aftermarket telematics manufacturers in the automotive sector.
- What was the status of TowerSec as of January 2016?
- In January 2016, TowerSec was acquired by Harman International Industries and subsequently became an inactive entity.
- What was the acquisition amount for TowerSec by Harman International Industries?
- TowerSec was acquired by Harman International Industries for $75,000,000 in January 2016.
- What was TowerSec's total funding raised before its acquisition?
- TowerSec raised a total of $2,500,000 in funding before its acquisition. For a full financing history, refer to startupim.
- Which investor participated in TowerSec's Series A funding round?
- In March 2015, TowerSec completed a Series A funding round with participation from IncWell.
- How many employees did TowerSec have prior to its acquisition?
- TowerSec had between 11-50 employees, with an exact count of 34 employees, prior to its acquisition.
- What products did TowerSec offer for automotive cybersecurity?
- TowerSec offered three main products for automotive cybersecurity: ECUSHIELD for in-vehicle detection, TCUSHIELD for secure internet communication, and a Cybersecurity Dashboard for security management and over-the-air updates.
- What significant corporate event happened to Harman International Industries after acquiring TowerSec?
- In March 2017, Harman International Industries, which had acquired TowerSec, was itself acquired by Samsung Electronics Ltd., becoming a wholly owned subsidiary.
- What legal issue arose concerning the TowerSec acquisition by Harman?
- In August 2020, a lawsuit was reported claiming that Harman dodged millions of dollars in payments following the 2016 TowerSec acquisition.