# Mars Auto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mars-auto

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.marsauto.io/
- Total disclosed funding: $13M
- Latest round: Series A (Mar 31, 2022)
- Investors on record: 6

## About

Founded in 2017 by Ilsu Park and Gyuri Im, and based in Seoul, South Korea, Mars Auto operates as a software developer for autonomous driving trucks. In March 2022, Mars Auto raised KRW 15 billion in series A funding led by new investor GFT Ventures.

Mars Auto develops a driving software that implements an autonomous driving truck that learns and develops by itself using a camera-based machine learning model without expensive equipment. The company's software is used in warehouses to perform various warehouse operations.

The company plans to use the funding to hire employees for machine learning and also plans to purchase trucks and equipment for the commercialization of autonomous driving.

## Funding rounds

- Series A, Mar 31, 2022, $12M — Mirae Asset Venture Investment, GFT Ventures, Central Corporation
- Seed, Feb 1, 2018 — Kakao Ventures, Korea Tech Incubator for Startup
- Seed, Dec 4, 2017, $0.4M — Kakao Ventures, Kakao Mobility Corp

## Investors

- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Kakao Mobility Corp — Seed
- Korea Tech Incubator for Startup — Seed
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series A
- GFT Ventures (https://capitalatlas.ai/funds/gft-ventures) — Series A
- Central Corporation — Series A