Hong Kong based microLED microdisplay developer Raysolve Technology announced that it raised $10 million USD in its Pre-Series A Financing Round. The funding will be used to scale up its R&D activities and initiate production of its first microdisplays.
In the last 6 months, Raysolve raised almost $15 million from an angel investor (Source Code Capital) and VCs. This new funding round was led by Gaorong Capital along with Glory Ventures.
RaySolve was established in 2019, and the company develops innovative technologies for microLED microdisplay production. RaySolve says it developed the worldâs first standardized full-color microLED microdisplay technology, based on proprietary large-size epitaxial wafer bonding.