# Hyundai M Systems Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyundai-m-systems-co

- Industry: Electronics
- Headquarters: Suwon, South Korea
- Website: www.hyundai-msystems.com/
- Total disclosed funding: $7.6M
- Latest round: Series B (Dec 31, 2024)
- Investors on record: 5

## About

Based in Suwon, South Korea, and founded in 2003, Hyundai M Systems Co., Ltd. operates as a company that develops advanced intelligent safety control equipment that can detect, identify, and automatically control risk factors at construction sites. In December 2024, Hyundai M Systems Co., Ltd. raised KRW 2 billion in Series B funding from Korea Investment & Securities, valuing the company at KRW 31.73 billion post-money. As of 2024, the company is led by its CEO, Park Sang-min.

The company provides safety solutions that are branded under the name Meerkat and include a range of products such as cameras, radar systems, display units, and electronic control units (ECUs). Its portfolio of products includes GMSL2, VGA, AHD, IP6K7K RADAR, Monitor Unit (7-inch), and AI ECU.

The organization plans to use the December 2024 funding to boost product orders by expanding mass production.

## Funding rounds

- Series B, Dec 31, 2024, $1.4M — Korea Investment & Securities
- Series B, Jul 10, 2024, $3.6M — Albatross Investment, Friend Investment Partners
- Series A, Jul 10, 2021, $2.6M — Posco Investment, Korea Asset Investment Securities

## Investors

- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series A
- Albatross Investment (https://capitalatlas.ai/funds/albatross-investment) — Series B
- Friend Investment Partners (https://capitalatlas.ai/funds/friend-investment-partners) — Series B
- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series B