WISeKey Forges Automotive Digital Security Partnership With Cortus

Cybersecurity, Artificial Intelligence (AI), and Internet of Things (IoT) company WISeKey International Holding Ltd WKEY and custom Systems-on-Chip (SoC) design services and IP core provider, Cortus SAS, partnered to deliver end-to-end digital security to the automotive industry.
This collaboration would expand to other related areas, including IoT, AI, and High-Performance Computing (HPC).
The global autonomous vehicle market was expected to expand at a 63.1% CAGR from 2021 to 2030 to reach 4,223.8 thousand units by 2030.
WISeKey and Cortus were combining their expertise to offer unmatched security solutions to carmakers and parts manufacturers.
The combination of WISeKey’s software and hardware digital security with Cortus’ SoC expertise was a perfect fit to address the new demanding cybersecurity requirements of the automotive industry as per Cortus CEO Michael Chapman.
Price action: WKEY shares traded higher by 5.38% at $10.77 in the premarket session on the last check Wednesday.