What is Autocrypt?
Founded in 2019 and headquartered in Seoul, South Korea, Autocrypt addresses the critical need for comprehensive vehicle security. The company offers a suite of security modules designed to protect vehicles from end to end, including authentication systems, firewalls, and robust encryption key generation and management. This holistic approach to automotive cybersecurity positions Autocrypt as a key player in safeguarding connected and autonomous vehicles against evolving threats.
How much funding has Autocrypt raised?
Autocrypt has raised a total of $38.5M across 2 funding rounds:
Series A
$13M
Series B
$25.5M
Series A (2021): $13M with participation from Pathfinder H, KB Investment Co. , Ltd., Ulmus Investment, and Korea Asset Management
Series B (2022): $25.5M led by KOREA ASSET INVESTMENT SECURITIES, Shinhan Venture Investments, BSK Investment, and Ulmus Investment
Key Investors in Autocrypt
Pathfinder H
Pathfinder H is an investor participating in the funding round, likely focusing on technology or mobility sectors.
KB Investment Co. , Ltd.
KB Investment Co., Ltd. is a venture capital firm that typically invests in promising startups across various industries, including technology and innovation.
KOREA ASSET INVESTMENT SECURITIES
Korea Asset Investment Securities is a securities firm specializing in financing for small and medium-sized enterprises and alternative investments, likely providing strategic financial support to Autocrypt's growth initiatives.
What's next for Autocrypt?
The substantial enterprise-level funding Autocrypt has garnered, particularly the recent strategic investment, indicates a strong market validation and provides the necessary capital for accelerated growth and innovation. This financial backing is expected to fuel further development of its advanced security technologies, expansion into new markets, and strategic partnerships within the automotive ecosystem. Autocrypt is poised to enhance its leadership in securing the future of mobility.
See full Autocrypt company page
