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AutoCrypt

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Year established

2019

Location

Seoul South Korea

Primary Industry

Automobiles, Other Vehicles & Parts

About

Established in 2019 and based in Seoul, Korea, AUTOCRYPT Co., Ltd. operates as a mobility-as-a-Service (Maas) for autonomous driving security solutions. The company was co-founded by CEO Daniel Eui-Seok Kim and Duk Soo Kim. As of September 2020, AUTOCRYPT has raised a total of USD 15 million in Series A funding from Hyundai Venture Investment Corporation, IBK Capital, KB Investment, Korea Asset Investment Securities, Pathfinder Holding Group Co., Ltd., and Ulmus Investment. Additionally, in May 2022, the company raised USD 25.5 million in Series B funding from new investors BSK Investment, JB Asset Management, Shinhan Venture Investment, and returning investors IBK Capital Korea Asset Investment Securities, Hyundai Venture Investment Corporation, Pathfinder Holding Group Co., Ltd., Ulmus Investment, and STIC Ventures. The Series B valued  AUTOCRYPT at USD 120 million post-money. AUTOCRYPT provides 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 5,000 kilometers. Following it Series A round, the company opened  its office in Toronto, Canada, and introduced AUTOCRYPT’s V2X and Plug & Charge security solutions for widely accessible testbeds, OEMs, Tier-1 suppliers, and automotive software or service providers.
Current Investors
Industrial Bank of Korea, Korea Asset Investment Securities, HYUNDAI Technology Investment

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Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, IT Security/Cybersecurity, Monitoring & Security Software
Website
www.autocrypt.io
Verticals
Artificial Intelligence, Cloud Computing, Electric & Hybrid Vehicles
Company Stage
Series B
Total Amount Raised
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