India’s KPIT to acquire ex–Shin Bet chief Yuval Diskin’s Cymotive for up to $120 million
Phased deal aims to bolster KPIT’s push into automotive cybersecurity as vehicles become increasingly software-driven.
Indian software company KPIT Technologies has signed an agreement to acquire a controlling stake in Israeli automotive cybersecurity firm Cymotive Technologies in a phased transaction that could be worth up to $120 million.
Under the terms of the deal, KPIT will initially invest $10 million, which will be converted into equity subject to the achievement of performance milestones. The acquisition is structured in stages and is expected to be completed by mid-2029, at which point KPIT aims to hold full ownership. The total consideration is estimated at between $60 million and $120 million, depending on Cymotive’s revenue and profitability (EBIT) performance.
Cymotive was founded in 2016 by the former head of the Shin Bet Yuval Diskin, who serves as chairman; Tsafrir Kats, former head of the Shin Bet’s technology division and the company’s CEO; and Dr. Tamir Bechor, formerly head of computing and information systems at the agency.
The company was established in collaboration with CARIAD, the software arm of the Volkswagen Group, and focuses on cybersecurity across the entire vehicle lifecycle. Its offerings include secure system architecture, threat detection, and regulatory compliance solutions for automakers.
According to KPIT’s disclosures, Cymotive reported revenue of $42.4 million in 2023, declining to $32.7 million in 2024 and further to $19.2 million in 2025.
For KPIT, the acquisition is aimed at strengthening its capabilities in serving global automakers as the industry shifts toward software-defined vehicles. The company plans to integrate Cymotive’s cybersecurity solutions into its broader portfolio of intelligence and AI-driven platforms.
KPIT CEO Kishor Patil said cybersecurity has become a fundamental component of vehicle design and development, adding that Cymotive’s expertise would enable large-scale implementation of protection across vehicle software systems.
Diskin said the partnership would allow Cymotive to expand its global reach and enhance its ability to deliver AI-based solutions that anticipate evolving cyber threats.
Despite the ownership change, Cymotive is expected to continue operating under its existing management and workforce, while leveraging KPIT’s global delivery capabilities and customer base.
