What is 42dot?
42dot is an automotive technology firm dedicated to building centralized infrastructure for autonomous and frictionless transportation services. Operating from Seoul, South Korea, the company is at the forefront of developing the foundational systems required for the next generation of mobility, aiming to revolutionize how people and goods move.
How much funding has 42dot raised?
42dot has raised a total of $88.5M across 1 funding round:
Series A
$88.5M
Series A (2021): $88.5M with participation from Shinhan Financial Group, STIC Ventures, We Ventures, and Lotte Ventures
Key Investors in 42dot
Shinhan Financial Group
Shinhan Financial Group is a comprehensive financial services organization providing banking, investment, and financial management solutions. They have a strong international presence across North America, Europe, and Oceania.
STIC Ventures
STIC Ventures, established in 2018 as the venture investment division of STIC Investments, aims to be a leading venture capital manager in Asia, investing in promising businesses to foster economic growth.
We Ventures
Undisclosed investor participating in the funding round.
What's next for 42dot?
The recent major strategic investment signals a pivotal growth phase for 42dot. This financing is expected to accelerate the company's development and deployment of its autonomous driving solutions and centralized infrastructure. With this backing, 42dot is poised to expand its technological capabilities and market reach, solidifying its position in the competitive automotive technology landscape.
See full 42dot company page
