LG Electronics on Thursday said it had acquired Israeli automotive cybersecurity startup Cybeleum.
Sibelum, based in Israel’s Tel Aviv, was established in 2016 and provides risk assessment software services. It can scan software components for vulnerability and risk.
The South Korean electronics maker has agreed to buy a 63.9 percent stake in the startup. LG will acquire additional shares of Sybelam by the end of this year, after which the amount will be finalized.
LG has also signed an additional करोड 20 million contract with startups for future equity, which will be used to convert the funds into more shares from the end of 2022 to the first half of 2023.
The current management team at Sybelam will continue to run the company independently and work with its existing automobile and component partners, LG said.
According to the South Korean company, the importance of safety in the automotive industry has become more important as more vehicles are connected to the network. “Because of this, cyber security has become an important barometer for the quality, design, development and driving ability of a vehicle’s life cycle,” the company said.
Through Siebelum’s solution, LG will strengthen the security system in its motor vehicle offerings in the areas of infotainment and telematics. This will make it a reliable partner for automobile manufacturers to break safety regulations in different countries.
LG currently offers a variety of software and vehicle components. Its affiliated LG Display also supplies display panels to automobile companies. Agency
you may also like to read about: Lal Bahadur Rajwar, Danda Singh, Santa Bahadur, and listen to popular Hindi music of the best singers, and watch movies based on love stories do you also want to play games on iOS, after you get tired and sleepy you can listen and watch to the healing mediation music for deep sleep and relaxation videos in Rajawar mediation music and videos of chicks, hen, dog, and chicken friendship. after visiting natural places on the screen you can take pictures and reduce their size by using the Image Compressor tool the best tool available online to compress images, age calculator, English to Nepali, generate fancy text or fancy text generator to make your text look unique can attract your friends. you can capture the image file and convert them from PNG to JPEG converter online and also image to webp for the smaller size. to share these pictures online you have to use WhatsApp messaging service by downloading WhatsApp software. you can use typing master online to speed up your typing skills. you can convert unit from the unit converter. you can also download youtube thumbnails from a youtube thumbnail downloader. you can look at the Nepali calendar for celebration or festival dates. you can also recover your old photos and videos through CD DVD Recovery Toolbox Software for free and you can share them by posting them to your blogs and websites hosted on the best web hosting platforms or service providers in the world.