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Cyber Security

AUTOCRYPT raises $13M to enhance V2X security technology

AUTOCRYPT raised nearly $13 million in a Series A funding round, bringing the total to $15M raised in 2020. Backers included major Korean investors KB Investment, Pathfinder H, Ulmus Investment, Korea Asset, Hyundai Venture Investment Corp., and IBK. The company currently secures all smart roadways and highways in South Korea, totaling over 5000 kilometers. The company also announced the opening of its North American office, located in Toronto, Canada, in Q2 of this year.

Source: https://www.helpnetsecurity.com/2021/02/11/autocrypt-funding/

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