Indian software company KPIT Technologies has signed an agreement to acquire control of Israeli cybersecurity company Cymotive in a deal valued at up to $120 million.
The transaction will be carried out in stages. KPIT will initially invest $10 million, which will be converted into shares subject to Cymotive meeting agreed milestones. The process is expected to be completed by mid-2029, when KPIT is set to acquire all of Cymotive’s shares.
The total consideration for full ownership is estimated at $60 million to $120 million, depending on Cymotive’s actual revenue and EBIT performance.
Cymotive was founded in 2016 by Yuval Diskin, a former head of the Shin Bet security agency who serves as chairman; Tsafrir Katz, a former head of the Shin Bet’s technology division who serves as CEO; and Dr. Tamir Bechor, a former head of the agency’s computing and information division. The company was established in cooperation with CARIAD, Volkswagen Group’s software arm.
Cymotive specializes in vehicle cybersecurity across the full life cycle of the car, providing solutions for secure architecture, threat detection and regulatory compliance.
According to KPIT, Cymotive reported revenue of $42.4 million in 2023, $32.7 million in 2024 and $19.2 million in 2025.
KPIT said the acquisition is intended to strengthen its offering to global automakers as the industry shifts toward software-defined vehicles. The Indian company plans to integrate Cymotive’s cybersecurity products into its existing intelligence and AI platforms.
KPIT CEO Kishor Patil said cybersecurity has become a basic element in vehicle design and manufacturing, and that Cymotive’s expertise would help embed protection into vehicle software at scale.
Diskin said joining KPIT would allow the Israeli company to expand globally and provide AI-based solutions designed to stay ahead of evolving cyber threats. Dr. Andre Stoffels of CARIAD also welcomed the move, saying it would accelerate the development of cybersecurity solutions needed by automakers.
Despite the change in ownership, Cymotive is expected to continue operating under its current management team and employees while using KPIT’s delivery capabilities and international customer network.