"We are elated to be invited and chosen as one of eleven startups amongst 108 applicants this year. Autocrypt's tri-standard compliant Secure Credential Management System for V2X ensures vulnerability-free environments, preventing unwanted interference in connected and autonomous driving. Autocrypt will participate in MobilityXlab for at least six months to co-create solutions for the rapidly changing mobility landscape.Īs one of the few mobility security providers in MobilityXlab, the company looks forward to integrating PKI in real-world use cases, turning proof-of-concept into reality when it comes to secure vehicular environments. Led by industry giants CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group, and Zenseact, MobilityXlab facilitates partnerships between startups in the industry and aims to bring future mobility closer together. Through security solutions for V2X, V2G (including PnC security), in-vehicle systems, and fleet management, AUTOCRYPT ensures that security is prioritized before vehicles hit the road.MUNICH, J/PRNewswire/ - Leading mobility and V2X security provider Autocrypt has been selected as one of MobilityXlab's newest startups to co-create mobility solutions with industry accelerators and enable projects between partner companies. The company also plans to showcase its newest Plug&Charge (PnC) and EV-related offerings in Oslo at the 2022 International Electric Vehicle Symposium & Exhibition (EVS35).ĪUTOCRYPT is the leading player in automotive and smart mobility technologies, paving the way for C-ITS and autonomous driving through a multi-layered, holistic approach. Both tools are essential for today's increasingly software-oriented E/E architecture. Security Analyzer is an SBOM-based software vulnerability analysis platform, protecting vehicle software throughout its entire lifecycle, while Security Fuzzer effectively detects software flaws through smart fuzzing. AUTOCRYPT already manages security and PKI for all C-ITS projects on the Korean peninsula.īesides its advancements in V2X security, AUTOCRYPT has also added Security Analyzer™ and Security Fuzzer™ to its in-vehicle systems security solution. Kim continued regarding AUTOCRYPT's plans for the next year, remarking, "We believe secure V2X will be the key to wider adoption of autonomous driving – this means implementing secure V2X connectivity in not just vehicles, but roads, infrastructure, but also pedestrian devices." Kim refers to AutoCrypt SCMS, a tri-standard compliant PKI for message verification across all types of end-entities in the V2X environment.ĪUTOCRYPT is currently in talks with several public agencies across the globe to implement its V2X security and SCMS for C-ITS projects. Establishing subsidiaries in Toronto, Canada and Munich, Germany, AUTOCRYPT is quickly growing its foothold in Europe and North America, with plans to open its Singapore office later this year.ĬEO and co-Founder Daniel ES Kim said in a statement regarding the funding round, "We're proud of AUTOCRYPT's progressive growth, and believe the investments are a reflection of the tremendous amounts of effort we have put into cultivating relationships in this rapidly changing industry of connected mobility." In 2020, the company closed its Series A round with $15 million and began its Series B round in late 2021 with the goal to expand its V2X offerings globally. Leading backers included Korea Asset Investment Securities, Ulmus Investment, BSK Investment, Shinhan Venture Investments, JB Asset Management, STIC Ventures, Pathfinder H, and Hyundai Venture Investment. SEOUL, South Korea, /PRNewswire/ - AUTOCRYPT, a leading secure mobility and V2X communications company, has raised a $25.5 million Series B round, with post-money valuation of $120 million.
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