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About 42dot
Industries
Data & Analytics
Automotive & Transportation
Government & Public Sector
Company Size
201-500
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$123.9M
Headquarters
Seoul, South Korea
Founded
2019
Overview
42dot.ai operates in the smart mobility and urban transportation sector, offering an integrated platform known as UMOS (Urban Mobility Operating System). This platform connects various modes of transportation, such as cars and drones, into a unified system to enhance city transportation management. UMOS utilizes advanced technologies to provide efficient transportation management, demand response services, and smart material logistics. The primary clients include city governments, transportation agencies, and private companies seeking to improve their mobility solutions. Unlike competitors, 42dot.ai focuses on a comprehensive integration of multiple transportation modes, which helps clients improve operational efficiency and reduce costs. The company's goal is to transform urban mobility and contribute to the development of smart cities by providing a subscription-based service for its platform.
Simplify's Take
What believers are saying
- The global MaaS market is projected to grow at a 25% CAGR from 2023 to 2030.
- Hyundai and Kia's $185 million investment boosts 42dot's talent acquisition and development.
- 5G technology enables faster communication, crucial for autonomous driving systems.
What critics are saying
- Tech giants like Google and Amazon threaten 42dot's market share in mobility services.
- Rapid technological advancements may outpace 42dot's current capabilities, requiring continuous innovation.
- Dependency on partnerships with electronics companies poses risks if they dissolve.
What makes 42dot unique
- 42dot's UMOS platform integrates multiple transportation modes into a single cohesive system.
- The company focuses on smart city infrastructure, enhancing urban mobility solutions.
- 42dot partners with major electronics companies to develop AI-powered SDV platforms.
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Funding
Total Funding
$123.9M
Above
Industry Average
Funded Over
4 Rounds
Company News
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.
Earlier this year, 42dot Inc., Hyundai's self-driving technology unit, said it would partner with Samsung Electronics Co. to jointly develop an artificial intelligence-powered SDV platform.
Earlier this year, 42dot Inc., Hyundai Motor's self-driving technology unit, said it would partner with Samsung Electronics Co. to jointly develop an artificial intelligence-powered SDV platform.
Bookmark (0) Please login to bookmark Username or Email Address Password Remember Me No account yet? RegisterThe race in the autonomous vehicle sector is intensifying, attracting diverse participants, from traditional automakers and auto parts suppliers to ICT and software solution providers. Even industry outsiders like Google and Amazon are leveraging acquisitions and proprietary technology developments to carve out a space in mobility services, while semiconductor giants like NVIDIA are branching out to offer autonomous driving platforms to vehicle manufacturers. Within this dynamic landscape, South Korea’s Hyundai Motor Group is not left behind; the acquisition of autonomous driving specialist 42DOT in 2022 and investment in Bose Semiconductor in 2023 signify its commitment to reshaping the nation’s autonomous vehicle technology ecosystem.At the forefront of these transformative industry shifts is Pangyo Techno Valley, a synergistic hub of autonomous driving, ICT, semiconductor, IoT, and tech infrastructure, spearheading the Fourth Industrial Revolution. “Pangyo Zero City,” nestled within Pangyo’s first and second sectors, stands as a testament to this, serving as a pioneering testbed for autonomous vehicle demonstrations, complete with IoT amenities, V2X infrastructure, and a control system integrated with cloud services to propel the commercial viability of autonomous driving innovations.PanTa G Bus (Photo: beSUCCESS)Seongnam City, anticipating future transit needs, is set to introduce the PanTa G Bus—a self-driving bus—within Pangyo Techno Valley by July 2023. This initiative reflects the city’s endeavor to fuse public transport with cutting-edge autonomous technology, enhancing traffic signal recognition and situational awareness on the roads.In Pangyo, startups, small and medium-sized companies, and large conglomerates are accelerating their plans to enter the global self-driving market. Last October, MORAI (CEO Jung Ji-won Jeong, Hong Jun), a company specializing in autonomous driving simulation programs, signed an MOU with M-City in Michigan, USA, the world’s first dedicated autonomous driving test zone
42dot is Hiring for 12 Jobs on Simplify!
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About 42dot
Industries
Data & Analytics
Automotive & Transportation
Government & Public Sector
Company Size
201-500
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$123.9M
Headquarters
Seoul, South Korea
Founded
2019
42dot is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today