As part of our efforts to support collaborations between Japanese and Israeli companies, we are excited to update that we have represented the Japanese insurance giant, Mitsui Sumitomo Insurance, in a deal to invest $36 million in the Israeli vehicle cybersecurity startup, Upstream Security. This deal represents the opening of the C funding round for the startup.
Our Japan Practice M&A team that lead the work on this project was headed by Gilad Majerowicz, together with Adina Shapiro, Sam Berkowitz, and other specialists at Herzog.
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