Jafco leads $11m round for Japan, US-based Trillium
Jafco has led an $11 million funding round for Trillium, a cybersecurity company focused on the autonomous vehicle industry based in Japan and the US.
Other participants included Airbus Ventures, Deutsche Bahn Digital Ventures, Mitsubishi UFJ Capital, Tokyo Century Corporation and Plug and Play Ventures. The investment has been billed as an extension of a Series A round of undisclosed size raised last year from a group of investors led by Global Brain.
The fresh capital will be used to advance operations across engineering, marketing, and customer support services, as well as to support a global expansion of the company’s existing network of enterprise partners. It brings total funding to date to $15 million.
“We believe Trillium’s revolutionary business model and multi-layered approach raise the bar for hackers and Trillium’s competitors in the race to secure and protect vehicles and driver data,” Shinichi Fuki, president and CEO of Jafco, said in a statement. “Effective cybersecurity solutions such as Trillium’s are key to helping ensure a smooth transition to the connected and autonomous vehicles of today and tomorrow.”
Founded in 2014, Trillium claims to offer comprehensive protection and data security management services for internet-enabled vehicles, rideshare fleets, and original equipment manufacturers. The company, which also maintains a base in Vietnam, has said its software can be implemented for as little as one-tenth the cost of competing products. Other services include digital forensics, preventive maintenance, telematics, usage-based insurance.
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