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§ Private Profile · Seoul, Seoul-t'ukpyolsi, South Korea
Autonomous driving technology developer creating lidar-free self-driving software and mobility platforms for urban transportation.
42dot is a Seongnam City, South Korea-based technology company that develops lidar-free autonomous driving software and transportation-as-a-service platforms for urban mobility. Prior to its acquisition, the company reached a valuation of approximately $461 million and raised nearly $130 million in venture funding while growing its workforce to 200 employees. Early backers of the autonomous vehicle developer included Shinhan Capital, Lotte Rental, and LIG Nex1. In 2022, the business was fully acquired for roughly $320 million by Hyundai Motor Group to lead its global software-defined vehicle initiatives. Following the buyout, the subsidiary secured an additional $790 million corporate investment from parent company Hyundai and its affiliate Kia to accelerate the commercialization of its mobility operating systems. 42dot was founded in 2019 by Chang-Hyeon Song.
42dot has raised $270.0M across 2 funding rounds.
42dot has raised $270.0M in total across 2 funding rounds.
42dot has raised $270.0M across 2 funding rounds. Most recently, it raised $180.0M Other Equity in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 5, 2024 | $180M Venture Round | — | — | Announced |
| Nov 1, 2021 | $90M Series A | — | — | Announced |
42dot has raised $270.0M in total across 2 funding rounds.