Pescaro has been selected for the Ministry of SMEs and Startups' 'Scale-Up TIPS' program, accelerating its global expansion.
Aiming for market entry in China, Pescaro plans to enhance its automotive cybersecurity solutions and focus on meeting international regulations.
As a future mobility software solution specialist, the company is dedicated to developing next-generation controllers and generating high value-added solutions for the SDV era.
Scheduled to enhance automotive cybersecurity solutions that meet international regulations
FESCARO, a specialized software solution provider for future mobility, announced on the 13th that it has been finally selected for the ‘SCALEUP TIPS’ program of the Ministry of SMEs and Startups.
SCALEUP TIPS is a program that promotes the growth of technology-intensive SMEs. It is a system where a private operator makes a pre-investment in promising companies, and the government provides support in conjunction with it. FESCARO was selected through the investment and recommendation of Ubiquoss Investment, the SCALEUP TIPS operator, and will receive support for investment-type research and development (R&D) funds.
The automotive cybersecurity solution developed by FESCARO has been adopted by 8 global automobile manufacturers for their electric and internal combustion engine vehicles, receiving high praise for its technological capabilities, business feasibility, and project execution capabilities. FESCARO plans to introduce this solution optimized for the Chinese market through this selection. This is because the recent news of China's legalization of automotive cybersecurity has increased industry demand for regulatory compliance solutions.
Hong Seok-min, CEO of FESCARO, said, “The practical regulatory response guide presented by our company at the recent Chinese cybersecurity exhibition ‘Autosec’ received a great response.” He continued, “FESCARO will target the Chinese market with a practical regulatory response strategy based on its European success story.”
FESCARO is a company comprised of automotive electronic system specialists and white hackers who are developing next-generation controller businesses for vehicle cybersecurity, IT infrastructure, and Software Defined Vehicle (SDV). They design and develop both the software and hardware of electronic control units independently, and are accelerating the development of high-value-added controllers in preparation for the SDV era.
Introduction of FESCARO
FESCARO is a specialized software solution provider for future mobility, established by automotive electronic system specialists to develop an all-in-one vehicle cybersecurity solution (TARA, security solutions, security testing, etc.) and next-generation controller businesses. They design and develop both the software and hardware of electronic control units independently, and are accelerating the development of next-generation controllers that create high added value in the SDV era.
Website: http://www.fescaro.com
Contact FESCARO Strategic Planning Team Lee Seul Hwang 070-5153-8269