As V2X communications usage in the automotive industry continues to increase and PKI plays a central role in its secure development, it is critical that we continue to strengthen our SCMS management capabilities through various interoperability tests across the globe. Through this inspection and supplementation, Autocrypt expects to develop pilot projects led by the European governments and equipment companies within the year.ĭaniel ES Kim, CEO of Autocrypt Technologies GmbH, said: "It was an honor for Autocrypt to be one of the selected companies at the 3rd C-V2X Plugtests™. The tests showed that Autocrypt solutions accomplished high levels of interoperability with other companies that are actively engaging in the development of C-V2X for the automotive industry.
The event enabled different vendors, specializing in on-board units, roadside units, and public key infrastructure, to run test sessions and assess the level of interoperability based on the latest C-ITS communications and security standards, all under the watchful eye of highway operators, automobile manufacturers, and government bodies.Īutocrypt's V2X-PKI, a core component of the C-ITS security suite that is compliant with the standards of the US SCMS, European-based SCMS, and Chinese-based SCMS, has successfully demonstrated interoperability through various state-of-the-art safety use cases, including road hazard signaling, road works warning, time to green, in-vehicle signage, traffic jam warning, longitudinal collision risk warning, and intersection collision risk warning.Īll the tests run by Autocrypt were based on ETSI's TS sector standards, including V2X communication security and SCMS for C-ITS. MUNICH, Ap/PRNewswire/ - Autocrypt, a leading V2X communications cybersecurity company, was the only Asian PKI provider to participate in the 3rd C-V2X Plugtests™ interoperability testing event organized by ETSI (European Telecommunications Standards Insititute) in partnership with 5GAA at the DEKRA technology center for automobiles located in Klettwitz, Germany.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. 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."
#AUTOCRYPT PKI SERIES#
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, /CNW/ - 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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