Perseus Raises 16 billion won Series B

Perseus, a South Korea-based company specializing in automotive software, announced it has raised 16 billion won in Series B funding, bringing its total cumulative funding to over 30 billion won. The round exceeded the company's original target of 10 billion won, underscoring strong investor confidence in its technology.

Investors

This round was led by Nonghyup Bank and NH Investment & Securities. Additional participating investors included Korea Development Bank (KDB), White Wale Group Asset Management, Pathfinder H, and Daishin Securities.

Perseus Use of Funds

Perseus plans to use the new capital to advance its automotive hypervisor technology and support its expansion into global markets. Furthermore, the company aims to broaden its software applications beyond mobility into industrial sectors such as defense, smart factories, humanoid robots, and satellites.

About Perseus

Founded by CEO Sang-bum Suh, Perseus develops core foundational software for the automotive industry, specifically focusing on hypervisor technology that integrates and controls complex in-vehicle electronic systems. The company is dedicated to improving safety and resource efficiency in Software-Defined Vehicles and has achieved ASIL D safety certification.

Funding Details

Company Website: https://cyberperseus.com

Company: Perseus
Raised: 16 billion won
Round: Series B
Funding Date: June 9, 2026
Lead Investor: Nonghyup Bank, NH Investment & Securities
Additional Investors: Korea Development Bank (KDB), White Wale Group Asset Management, Pathfinder H, Daishin Securities
Software Category: Automotive Software
Source: https://www.mk.co.kr/en/business/12069366