V2X Security Provider AUTOCRYPT Closes Series A Funding Round with $15M USD, Opens North American Office
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SEOUL, South Korea, Feb. 9, 2021 /PRNewswire/ AUTOCRYPT Co., Ltd., a leading autonomous driving security solutions provider, raised nearly $13 million in a Series A funding round, bringing the total to $15M raised in 2020. Backers included major Korean investors KB Investment, Pathfinder H, Ulmus Investment, Korea Asset, Hyundai Venture Investment Corp., and IBK.
Led by CEO and co-Founder, Daniel ES Kim, AUTOCRYPT has garnered the attention of the automotive industry, providing end-to-end vehicle security for connected and autonomous vehicles and surrounding infrastructure. The company currently secures all smart roadways and highways in South Korea, totaling over 5000 kilometers.
Asia Digest: Autocrypt raises $13m Series A; MBK Partners offer for Tsukui stake
Cameras for SenseTime Group Ltd. s autonomous driving system are mounted inside a Lincoln Motor Co. MKZ sedan during a test-drive in Hangzhou, China, on Thursday, Sept. 6, 2018. SenseTime s image-identifying algorithms have made it the world s most valuable AI startup and an early leader in China, where it s won contracts with the country s top phonemakers, largest telecommunications company, and biggest retailer. Photographer: Qilai Shen/Bloomberg
February 9, 2021
South Korea-based autonomous driving security solutions provider Autocrypt has raised nearly $13 million in a Series A funding round while private equity firm MBK Partners has made an offer to acquire Tsukui Holdings Corporation.