About TowerSec
TowerSec is a Transportation, Automotive & Logistics company based in Ann Arbor (United States) founded in 2012, and was acquired by Harman International in March 2016. Automotive security solutions for connected car hacking detection are provided. It operates in the Transportation, Automotive & Logistics and Technology sectors. The company was acqui-hired. Its focus areas include Connected Vehicles, Safety and Security, Cybersecurity and Auto Tech. Its competitors include Armis Security, Forescout and Xage Security; 3 of its 3 listed competitors have raised funding.
Company details
TowerSec provides automotive security solutions through ready to embed software solution for OEMs, component manufacturers, and telematics providers. Products include Ecushield, Tcushield, and M2MShield. Ecushield is an onboard, embedded software solution which provides intrusion detection prevention system (IDSIPS) a firewall and Tcushield is an (IDSIPS) for protection against cyber-attacks on telematics units and Infotainment systems by blocking malicious communication and M2MShield prevents DDOS attack in machine-to-machine communication. Products integrate with the existing fleet management systems without making any modifications to hardware software and updates via over-the-air (OTA). Winner of Red Herring North America 2015 and finalist in Tu-Automotive Awards 2015. It was acquired by Harman in January 2016.
- Headquarters Ann Arbor, United States
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsTechnology
- Website tower-sec.com
- Social X Facebook
- Acquired by Harman International (Mar 2016)
- InvestorsHarman International
& 1 more
- Acquired byHarman International
(Mar 2016)
Funding Insights of TowerSec
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of TowerSec with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2015 | Series A | – | – |
2 investors in total: 2 institutional.
Investors in TowerSec
TowerSec has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Harman International and IncWell.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early stage micro VC firm investing in the US & Canada | theincwell.net | Birmingham, United States | ||
Provider of infotainment and audio solutions for multiple sectors | 1980 | harman.com | Stamford, United States |
Investor details for TowerSec
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of TowerSec
3 dated milestones of TowerSec across 4 years, from founding to its latest funding, stage changes and deals.
- Founded TowerSec is founded.
- Funding First funding round.
- Exit Acquired by Harman International.
Competitors of TowerSec
TowerSec has 3 listed competitors in our database, 3 of them funded. They include Armis Security, Forescout and Xage Security.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| armis.com | 2015 | Palo Alto, United States | $737M | Wireless security platform for IoT applications is provided. | ||
| forescout.com | 2000 | San Jose, United States | $120.28M | Provider of cyber security solutions for asset visibility and threat management | ||
| xage.com | 2016 | Palo Alto, United States | $72M | 44 | Blockchain-based security platform for IoT applications is provided. |
Detailed competitors of TowerSec
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Autonomous Vehicles
3 companies that operate in the same segment as TowerSec (Autonomous Vehicles) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Self-driving vehicle solutions are developed and deployed for transportation. | 2009 | Mountain View, California, United States | USD 27.1 B | |||
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 |
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Frequently Asked Questions about TowerSec
TowerSec was founded in 2012 and raised its 1st funding round 3 years after it was founded.
TowerSec is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
TowerSec provides automotive security solutions through ready to embed software solution for OEMs, component manufacturers, and telematics providers. Products include Ecushield, Tcushield, and M2MShield. Ecushield is an onboard, embedded software solution which provides intrusion detection prevention system (IDSIPS) a firewall and Tcushield is an (IDSIPS) for protection against cyber-attacks on telematics units and Infotainment systems by blocking malicious communication and M2MShield prevents DDOS attack in machine-to-machine communication. Products integrate with the existing fleet management systems without making any modifications to hardware software and updates via over-the-air (OTA). Winner of Red Herring North America 2015 and finalist in Tu-Automotive Awards 2015. It was acquired by Harman in January 2016.
TowerSec's top competitors include Armis Security, Forescout and Xage Security.
TowerSec has 2 investors. Key investors include Harman International, and IncWell.
Yes. TowerSec was acquired by Harman International in March 2016.