Autocrypt Closes USD25.5M Series B Funding
- Autocrypt, a Seoul, South Korea-based secure mobility and V2X communications company, raised USD25.5m in Series B funding, at post-money valuation of $120m
- The company intends to use the funds to expand operations and its business reach
- The company has developed automotive and smart mobility technologies for C-ITS and autonomous driving
- Besides its advancements in V2X security, the company has also added Security Analyzer™ and Security Fuzzer™ to its in-vehicle systems security solution
- The company is currently in talks with several public agencies across the globe to implement its V2X security and SCMS for C-ITS projects
- It already manages security and PKI for all C-ITS projects on the Korean peninsula
