BMW i Ventures Takes Stake in Vera

AutoInformed.com

“With BMW i, we are building on the success of our core brand,” claimed Ian Robertson, member of the Board of Management of BMW at the intro in February 2011.

BMW i Ventures (sic) has announced a “strategic investment in Vera,”  a company developing security technology for business. BMW says in a press release just issued that Vera has helped some of the world’s leading companies protect their most critical data, without sacrificing visibility and control.

Tests on the infotainment systems of automakers show that customer data is easily retrieved by third parties. The problem has existed for years and along with privacy and data ownership rights are major impediments to connected and autonomous cars.

Recently Vera has focused on scaling its data security platform to protect both email and enterprise content with dynamic encryption and granular control. The company recently introduced its Vera for Mail offering and browser-based editing capabilities, enhancing users’ ability to access and collaborate on secure files across devices and operating systems. The new capital – unspecified – will help broadly to fuel Vera’s next phase of growth and scale its workforce globally.

From documents to CAD files, photos to emails, data moves more freely than ever, and Vera’s leading technology allows people and organizations to share all kinds of information, safely,” claimed Zach Barasz, Partner at BMW i Ventures. “We believe that Vera is at an important inflection point in its growth curve and with the recent appointment of Carlos Delatorre as CEO, we’re excited to join the journey.”

AutoInformed.com on:

BMW i Ventures

BMW i Ventures, BMW’s €500 Mio million venture capital fund, invests money and resources in startups in the fields of autonomous driving, digital car and automotive cloud, e-mobility, artificial Intelligence and data, industry 4.0, shared and on-demand mobility, customer digital life, and energy services. The firm has already partnered with innovative companies such as Carbon3D, Chargepoint, DesktopMetal, JustPark, Life360, Moovit, Nauto, Scoop, Stratim, Turo, Xometry and Zendrive. BMW i Ventures invests in all stages from seed and incubation to growth companies.

 About Vera

Vera is a company that helps businesses of all sizes to secure, track and share any kind of data, no matter where it’s stored or located. With strong policy enforcement, strong encryption and strict access controls claimed, Vera’s data-centric security allows employees to collaborate while ensuring the highest levels of security, visibility and control. For more information, visit www.vera.com.

About Ken Zino

Ken Zino is an auto industry veteran with global experience in print and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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