Pescara Completes Series A Funding of 6.5 Billion KRW

Automotive cybersecurity specialist Pescaro announced on the 5th that it has secured 6.5 billion KRW in Series A funding.

The investment round included ID Ventures, InterValue Partners, Intellectual Discovery, Korea Credit Guarantee Fund, and AhnLab. The participation of investors focused not only on business potential but also on technological value drew attention.

Last August, Pescaro received a 'TI-2' rating, one of the highest grades, from the Tech Credit Bureau (TCB) for investment technology credit evaluation. TI-2 meets the requirements for KOSDAQ technology special listing, and Pescaro aims to achieve a KOSDAQ technology special listing in the second half of 2025 based on this.

Founded in 2016, Pescaro is an automotive cybersecurity specialist company composed of automotive electronic control system developers and white-hat hackers. It provides an all-in-one solution to meet international cybersecurity regulations, ranging from Cybersecurity Management System (CSMS) certification consulting to TARA (Threat Analysis and Risk Assessment), security solutions (FAST™ HSM), security testing, engineering, and security gateway controllers (FAST™ SGW).

As hacking vulnerabilities have surged due to automotive electrification, the UNECE (United Nations Economic Commission for Europe) established automotive cybersecurity regulations (UNR155, CSMS). According to these regulations, automotive OEMs must obtain CSMS certification to sell vehicles in 56 contracting countries. Pescaro established a response system before the European cybersecurity regulations were legislated, enabling it to develop an independent market entry strategy. Through Pescaro’s certification consulting, global OEMs have successfully obtained CSMS certification, and Tier suppliers have achieved ISO/SAE 21434 certification.

Hong Seok-min, CEO of Pescaro, stated, “Both passenger cars and commercial vehicles are subject to cybersecurity regulations, and based on the experience and expertise accumulated in the passenger car sector, we plan to expand our business into the commercial vehicle sector.” He emphasized, “With this investment, we plan to significantly increase our workforce and will actively pursue global expansion through solid certification references.”