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Autonomous Transportation-As-A-Service Startup CODE42 Raises USD 25 Million in Pre-A Funding
The newly raised funds will be utilized to complete development of CODE42's core UMOS (Urban Mobility Operating System) platform, as well as establish the global autonomous transportation-as-a-service ecosystem UMOS Connect. Promising to serve as the enabler of autonomous transportation-as-a-service, the UMOS platform aims to integrate various future mobilities such as autonomous vehicles, drones, and delivery robots to encompass all phases of mobility and logistics services from ride-hailing to robo-taxis to smart logistics and e-commerce.
"The investment demonstrates investor trust in our industry-best technology and enables us to leverage the strength of our partners' infrastructure and service capabilities to establish a next-generation mobility and logistics service platform," said
Chang-Hyeon Song , CEO of CODE42. "We will be working closely with investor companies in autonomous driving and mapping technology, dispatching, fleet management, next-generation in-vehicle infotainment and associated connectivity."
CODE42, established in March 2019 , is an autonomous transportation-as-a-service startup headquartered in Seoul, South Korea , founded by former Naver CTO, Chang-Hyeon Song . Having built a track record of innovative software engineering with multinational IT companies including HP, Microsoft and Apple, Mr. Song, in his roles as CTO of Naver, and CEO of Naver Lab , successfully led a variety of innovative projects including the AI speaker Clova, in-vehicle-infotainment service AWAY, Papago, self-driving technology, HD mapping and robotics solutions, as demonstrated at CES 2019.
Photo - https://mma.prnewswire.com/media/1017389/CODE42.jpg