Company Acquired for over $400 million in One of The Largest Crowdfund Exits Ever
Last week, Continental AG acquired Argus Cyber Security for a reported $430 million.
Argus is an automotive cyber security pioneer, helping car manufacturers, their Tier 1 suppliers and aftermarket connectivity providers protect connected cars and commercial vehicles from car-hacking.
Argus raised $838,148 on crowdfunding platform OurCrowd in September of 2015 alongside co-investors Allianz, Samsung Ventures, and Magma Venture Partners. Recently, Argus raised a $26 million Series B funding from a number of notable venture firms.
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