BMW's venture arm invests in VIA Science, enhancing enterprise security with cutting-edge data protection technology.
In a significant move towards enhancing security in the digital age, BMW i Ventures, the independent venture capital arm of BMW Group, has invested in VIA Science, Inc. (VIA). VIA, a pioneer in Web3 data protection solutions, is set to redefine data protection by embedding zero-trust principles in the data layer.
Based in the US, VIA boasts 17 issued patents and offers quantum-secure, passwordless solutions that can be deployed quickly and easily in various demanding environments. The company's mission is to ensure all transactions are verified, protected, and auditable, regardless of where data resides.
VIA addresses vulnerabilities in enterprise security by using a decentralized architecture. In a trustless environment where no single authority governs permissions, all users, devices, and services interact based on strict verification, preventing unauthorized access and ensuring secure peer-to-peer interactions. This approach aligns with the principles of zero-trust security, a crucial aspect of Web3.
For future mobility solutions, which likely involve connected vehicles and smart infrastructure, implementing zero-trust security means embedding robust authentication, real-time threat detection, and decentralized controls to prevent hacks and ensure user data privacy.
With an investment of an undisclosed amount as part of an oversubscribed Series B funding round of $28 million, BMW i Ventures joins the ranks of the U.S. Department of Defense and Fortune 100 companies worldwide who trust VIA Science to provide the highest security technologies.
BMW i Ventures, with offices in Silicon Valley and Munich, invests in early to growth-stage companies in the areas of automotive, sustainability, manufacturing, and supply chain. To date, they have invested in over 75 startups, managing $800M. Among their portfolio are renowned names such as Bcomp, Boston Metal, CelLink, ChargePoint, GaN Systems, Motorway, Tekion, and Xometry.
VIA's data-centric platform is quantum-resistant, passwordless, and easy to implement, maintain, and use. This makes it an ideal solution for securing decentralized networks and connected devices, consistent with industry trends. However, further direct sources about Via Science, Inc.'s contributions to these areas would be needed to answer this accurately.
For more information about VIA Science and their innovative solutions, visit www.solvewithvia.com.
- BMW i Ventures' investment in VIA Science, a company specializing in Web3 data protection solutions, marks a strategic step toward enhancing the cybersecurity of future mobility solutions, such as connected vehicles and smart infrastructure, by implementing zero-trust security principles like robust authentication, real-time threat detection, and decentralized controls.
- As BMW i Ventures joins the US Department of Defense and Fortune 100 companies in trusting VIA Science's solutions, this investment showcases the company's commitment to financing innovative technologies that ensure data privacy, particularly in the areas of finance, technology, and data-and-cloud-computing.
- To further secure decentralized networks and connected devices, VIA Science offers a data-centric platform that is quantum-resistant, passwordless, and easy to implement, maintain, and use, making it an ideal solution for investors seeking to invest in startups focusing on digital transformation and mobility solutions.
