# AutoCrypt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/autocrypt

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Seoul, South Korea
- Website: www.autocrypt.io
- Total disclosed funding: $40M
- Latest round: Series B (May 19, 2022)
- Investors on record: 10

## 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.

## Funding rounds

- Series B, May 19, 2022, $27M — Hyundai Venture Investment, Shinhan Venture Investment, Industrial Bank of Korea, BSK Investment, STIC Ventures, Ulmus Investment, Pathfinder H, JB Asset Management, Korea Asset Investment Securities
- Series A, Dec 21, 2020, $13M — Hyundai Venture Investment, KB Investment, Industrial Bank of Korea, Ulmus Investment, Pathfinder H, Korea Asset Investment Securities

## Investors

- Hyundai Venture Investment (https://capitalatlas.ai/funds/hyundai-venture-investment) — Series A, Series B
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A
- Industrial Bank of Korea — Series A, Series B
- Ulmus Investment (https://capitalatlas.ai/funds/ulmus-investment) — Series A, Series B
- Pathfinder H (https://capitalatlas.ai/funds/pathfinder-h) — Series A, Series B
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series A, Series B
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series B
- BSK Investment (https://capitalatlas.ai/funds/bsk-investment) — Series B
- STIC Ventures (https://capitalatlas.ai/funds/stic-ventures) — Series B
- JB Asset Management — Series B