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RideFlux Inc. raised $1.9 million in a Series B funding round led by Atinum Investment Co. to hire more software developers and advance its autonomous driving technology.

PRIVATEOct 31, 2024

Amount Raised

$1.9 Million

Round Type

Series B

JejuSoftwareTransportationAutomotive

Investors

Korea Investment PartnersIndustrial Bank Of KoreaMurex PartnersiM Investment PartnersNVestor Co.Yuanta Investment Co.Friend Investment PartnersKorea Investment & Securities Co.Atinum Investment Co.

Description

RideFlux Inc., a South Korean autonomous driving technology startup, has raised 26 billion won ($1.9 million) in a Series B funding round. The company plans to use the proceeds to hire more software developers and expand its business portfolio in autonomous driving.

Quick answer

RideFlux raised $1.9 Million in a Series B round, dated October 31, 2024. Investors: Korea Investment Partners, Industrial Bank Of Korea, Murex Partners, iM Investment Partners, NVestor Co., Yuanta Investment Co., Friend Investment Partners and Korea Investment & Securities Co. RideFlux is based in Jeju, Jeju, South Korea.

How much did RideFlux raise?
RideFlux raised $1.9 Million in a Series B round on October 31, 2024.
Who invested in RideFlux?
Korea Investment Partners, Industrial Bank Of Korea, Murex Partners, iM Investment Partners, NVestor Co., Yuanta Investment Co., Friend Investment Partners and Korea Investment & Securities Co. are named as investors in this round.
What does RideFlux do?
RideFlux is a tech start-up which develops full-stack software for autonomous driving.
Where is RideFlux based and how big is it?
RideFlux is based in Jeju, Jeju, South Korea. Fundz records about 65 employees.
Who are the decision-makers at RideFlux?
Fundz holds 2 contacts at RideFlux, including the Head of HR. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Automotive around the same time

Companies in the same sectors as RideFlux that raised within 45 days of this round, from Fundz verified event records.

  • Zeno raised $2M on December 13, 2024.
  • EvenFlow AI raised $1.5M (Seed) on December 2, 2024.
  • Zelos Technology raised $100M (Funding Round) on November 11, 2024.
  • ZoomCar raised $200K (Post-IPO Equity) on November 7, 2024.
  • ZoomCar raised $9.2M on November 7, 2024.
  • ZoomCar raised $9.2M (Post-IPO Equity) on November 6, 2024.

Who to call at RideFlux, and when

A new round usually means RideFlux is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day RideFlux raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at RideFlux, from your own LinkedIn network

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Company Information

Company

RideFlux

Location

Jeju, Jeju, South Korea

About

RideFlux is a tech start-up which develops full-stack software for autonomous driving. Since our foundation in 2018, we hope for a better world where everyone can be safer and more comfortable while moving with our self-driving cars and software. We believe in the potential that self-driving technology embraces, how driving can become an innovative experience not a mere stress, which inspires us to build up its future with every step on our way.

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Fundz sees it the moment RideFlux raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsJinhee L., Head of HR hidden hiddenSee plans and pricing
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ML-powered predictions for RideFlux's next move

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

RideFlux raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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