AUTOCRYPT closes Series B with $25.5 million to expand V2X and in-vehicle systems security for intelligent transport

CEO 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."   CEO 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...

CEO 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."  

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. 

AUTOCRYPT is currently in talks with several public agencies across the globe to implement its V2X security and SCMS for C-ITS projects. AUTOCRYPT already manages security and PKI for all C-ITS projects on the Korean peninsula. 

Besides its advancements in V2X security, AUTOCRYPT has also added Security Analyzer™ and Security Fuzzer�� to its in-vehicle systems security solution. 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. Both tools are essential for today's increasingly software-oriented E/E architecture. 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).  

About AUTOCRYPT 

AUTOCRYPT 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. 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. For more information, contact [email protected].