AutoCrypt Asset Profile

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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

Hyundai Venture Investment Corporation, Industrial Bank of Korea, Korea Asset Investment Securities

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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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