Cyto succeeds in attracting 5.2 billion Series A investment... Recognized for ship life cycle security technology
⚡ Quick Summary
As the burden of security certification in the shipbuilding and shipping industries has increased rapidly due to the mandatory Common Regulations for Ship Cyber Resiliency (UR E26 and E27) of the International Classification Society (IACS), domestic technology that automates the security process based on design data is attracting attention as a solution in the market.
As the burden of security certification in the shipbuilding and shipping industries has increased rapidly due to the mandatory Common Regulations for Ship Cyber Resiliency (UR E26 and E27) of the International Classification Society (IACS), domestic technology that automates the security process based on design data is attracting attention as a solution in the market. Previously, the risk assessment and preparation of supporting data required for ship certification were conducted manually and took several months, but with the introduction of technology to preemptively block threats and automate documentation, it is being evaluated as an alternative to solving the industry's difficulties. CYTUR (CEO Cho Yong-hyun), a company specializing in marine and ship cybersecurity, announced that it has completed attracting Series A investment worth 5.2 billion won in recognition of its advanced technology. This procurement is a follow-up investment made after the Pre-A investment in 2024, and Sunbo Angel Partners, Stick Ventures, and Jones & Rocket participated. Investment companies are looking at the completeness of the ‘ship life cycle customized security technology’ developed by Cyter and the performance of global orders in the merchant shipping field amidst the trend of mandatory cybersecurity in the shipbuilding and shipping markets.
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