SEOUL, KOREA, Nov. 8, 2022 — AUTOCRYPT, an industry leader and pioneer in automotive cybersecurity and connected mobility solutions, announced that it has been chosen as a winner in the 2022 Red Herring Top 100 Global awards program. The company has been recognized for its innovation and competence in securing connected mobility, as well as its contribution to Cooperative Intelligent Transport Systems (C-ITS) and autonomous driving.
The Red Herring Top 100 Global list recognizes outstanding startups and private enterprises from North America, Europe, and Asia, with an emphasis on transformative technologies. Red Herring editors were among the first to recognize the potentials of companies like Facebook, Twitter, Google, Yahoo, Skype, Salesforce, YouTube, and eBay.
AUTOCRYPT was established in 2019 after spinning off from South Korean cybersecurity powerhouse Penta Security, where it began as a connected car cybersecurity solution in 2007. Throughout nearly two decades of R&D in mobility-oriented encryption, PKI, and intrusion detection technologies, AUTOCRYPT has grown to become one of the world’s top five providers in securing V2X communications, embedded vehicle systems, and Plug&Charge applications for EV charging.1
Daniel ES Kim, CEO of AUTOCRYPT, commented, “It’s an honor to be recognized as one of the top 100 innovative startups in the world. We believe that bringing secure connections to the mobility ecosystem will substantially enhance road safety, traffic efficiency, and environmental sustainability.”
Three years since its establishment, AUTOCRYPT has grown from a small team of 20 to a mid-size company of nearly 300 employees. It has so far received a cumulative investment of over $40 million, sitting at a current valuation of above $120 million.
“After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 winners,” said Alex Vieux, CEO and Publisher of Red Herring. “We believe AUTOCRYPT embodies the vision, drive, and innovation that define a successful entrepreneurial venture. AUTOCRYPT should be proud of its accomplishment as the competition was very strong.”
AUTOCRYPT’s competence and potential have been acknowledged time after time by market watchers and venture capitalists. In 2021, AUTOCRYPT was listed by Forbes Asia on its “100 to Watch” list.
For more information regarding AUTOCRYPT’s mobility cybersecurity solutions and offerings, contact email@example.com.
1 MarketsandMarkets. “V2X Cybersecurity Market – Global Forecast to 2025”.