Upstream, an automotive cybersecurity company, announced that it has raised $62 million through a Series C funding round, which it intends to use to strengthen its automotive cloud-based security offerings, TechCrunch reports.

The company offers a dashboard and cloud-based analytics tools for automotive manufacturers, as well as a vehicle security operations center service currently being used by six manufacturers from across the U.S., Europe and Japan, according to Upstream co-founder and CEO Yoav Levy.

"From the automaker's cloud, we monitor all the data that is being sent toward the vehicle before the vehicle is actually getting it, and if we're doing a good job, we can actually block these messages before they get to the car," Levy said. "We analyze connected car data and telematics data that is being uploaded from the vehicles, analyzing data from mobile phone applications or over-the-air updates and we're looking for anomalies in the data."

Levy added that the increasing interconnectedness of vehicles is likely to heighten the need for a means to detect and address potential vulnerabilities.