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42dot.ai provides a platform called UMOS (Urban Mobility Operating System) that connects and manages multiple transportation modes—such as cars and drones—within a single system for cities, agencies, and private clients. UMOS enables efficient transportation management, demand-response services, and smart logistics by integrating data and operations across modes, powering operations through a subscription-based platform-as-a-service model. Unlike single-mode solutions, 42dot.ai offers multi-modal, city-focused orchestration that bridges public, private, and logistics needs. The company aims to transform urban mobility by helping cities run more efficiently, cut costs, and improve the experience for commuters and logistics providers.
Industries
Data & Analytics
Automotive & Transportation
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$1.2B
Headquarters
Seoul, South Korea
Founded
2019
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Total Funding
$1.2B
Above
Industry Average
Funded Over
7 Rounds
Flexible Work Hours
K-AI models: expanding across industries & daily life. 5h ago · 0:00 listen · Source: 디지털투데이 Summary. South Korean artificial intelligence models are now expanding their reach across various industries. They're moving from national heritage experiences to in-car voice recognition and even bank branch design. Here's the thing: Motif Technologies will embed its AI model in national heritage administration and public services. This includes the text-prompt image generation service, HAI, which will be presented at the AI for Good Global Summit. What's interesting is that LG AI Research and FuriosaAI are collaborating to run the EXAONE foundation model on FuriosaAI's second-generation neural processing unit, RNGD. They aim to combine a domestic NPU with their AI model to expand global services. Also, SK Telecom unit 42dot recently unveiled the in-car voice AI agent, Gleo AI. They are jointly developing an in-car large language model and building a specialized AI agent voice dataset. The bottom line: NC AI will introduce its model at Shinhan Bank branches. It will create a digital twin environment to simulate layouts and configurations, helping design an optimal financial environment. This means AI is being used to improve its daily interactions, from heritage sites to its cars and banks. This is an AI-generated audio summary. Always check the original source for complete reporting.
42dot has secured a strategic investment of KRW 500 billion from Hyundai Motor Company and Kia to enhance its global competitiveness in the Software-Defined Vehicle (SDV) sector. The funding will support talent acquisition, technology development, and AI infrastructure expansion. 42dot plans to unveil an SDV pace car in 2026, with mass production to follow. The company operates R&D branches in the US and Poland, contributing to Hyundai and Kia's SDV strategy.
Hyundai Motor Group's software specialist 42dot has unveiled a bold plan: to raise ₩500.3 billion through a capital increase to supercharge its in-vehicle software and autonomous mobility push.
Autonomous vehicles fuel $2.7B funding boom in June 2024. By Dan Kara | July 29, 2024Listen to this article. Forty-eight companies that make robots or relevant enabling technologies raised a total of $2.7 billion in June 2024. At press time, this was the highest monthly funding total of 2024. It exceeded May’s total by more than $500 million and was more than double the 12-month trailing investments average of $1.3 billion. Robotics investments for the first six months of 2024 totaled about $8.4 billion
Hyundai Motor and Kia are investing some 253 billion won ($185 million) in 42dot, the global software center within Hyundai Motor Group, to aggressively recruit top-tier talent and accelerate the group's software-defined vehicle strategy.
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Industries
Data & Analytics
Automotive & Transportation
Enterprise Software
AI & Machine Learning
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$1.2B
Headquarters
Seoul, South Korea
Founded
2019
Find jobs on Simplify and start your career today