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korean autonomous driving startup 42dot

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Korean autonomous driving startup 42dot bags $88.5M Series A to accelerate its growth – TechCrunch

#artificialintelligenceNov-2-2021, 08:39:01 GMT

The Series A brings the startup's total raised so far to $130.1 million. The company valuation is now estimated at $425 million (500 billion WON), a source familiar with the matter said. A spokesperson at 42dot declined to comment on the valuation. The latest funding included participation from new investors like Shinhan Financial Group, Lotte Rental, Lotte Ventures, STIC Ventures, We Ventures, DA Value Investment, and others. Returning backers also joined the Series A round, but the spokesperson did not provide their information.

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Country: Asia > South Korea > Seoul > Seoul (0.06)

Industry:

Banking & Finance > Capital Markets (0.74)
Automobiles & Trucks > Manufacturer (0.57)
Transportation > Ground > Road (0.45)
Information Technology > Robotics & Automation (0.45)

Technology: Information Technology > Artificial Intelligence > Robots > Autonomous Vehicles (0.98)

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