AUTOCRYPT is the leading player in transportation security technologies. Beginning in 2007 as an in-house venture at Penta Security Systems Inc., AUTOCRYPT spun off as a separate entity in 2019 as. Autocrypt Co., Ltd., a Seoul, South Korea-based autonomous driving security solutions provider, raised nearly $13m in Series A funding, bringing the total to $15M raised in 2020. Backers included.
AUTOCRYPT is a leading player in autonomous vehicle security. Recognized by TU-Automotive as the Best Auto Cybersecurity Product/Solution of 2019, AUTOCRYPT continues to pave the way in transportation and mobility security through a multi-layered, holistic approach. Through security solutions for V2X, V2G (including Plug & Charge security), in-vehicle security, and Fleet Management, AUTOCRYPT ensures that security is prioritized before autonomous and connected vehicles hit the road.
Website: www.autocrypt.io
Expertise in the field of Connected Smart Mobility:
- Founded and led by cybersecurity and automotive industry experts, AUTOCRYPT leads the industry with the largest number of C-ITS smart road construction security project implementations.
- AUTOCRYPT also boasts one of the fastest V2X verification speeds in the industry – surpassing 5G performance requirements, twice as fast as the industry average, and 30% faster than competitor speeds.
Autocrypt Co., Ltd., a Seoul, South Korea-based autonomous driving security solutions provider, raised nearly $13m in Series A funding, 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.
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The company intends to use the funds to enhance the V2X security technology and expand security operations into more Intelligent Transportation Systems (ITS) projects.
Led by CEO and co-Founder, Daniel ES Kim, 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 5000 kilometers.
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Due to a rising demand in autonomous and electric vehicle security technology, Autocrypt also announced the opening of its North American office, located in Toronto, Canada. The new branch will allow for V2X and Plug&Charge security solutions to be more widely accessible to testbeds, OEMs, Tier-1 suppliers, and automotive software or service providers located in North America. The company is currently in talks with potential partners in the region and plans to begin active business operations in Q2. With its offices now in South Korea, China, Japan and Canada, Autocrypt is also planning to expand into the United States and Europe in 2021.
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09/02/2021