Uniqconn, a South Korean startup that makes system semiconductors, announced on Tuesday it had raised 10 billion won ($7.24million) in a Series A round.
Doosan Investment Co. led the funding round, with participation by Hanwha Investment & Securities (Hanwha), SV Investment (SV Investment), and existing investor L&S Venture Capital.
Uniqconn is a startup in the wireless communication semiconductor industry that develops next-generation transmission technologies to replace traditional conductor-based cables and connectors.
The company uses semiconductor integrated circuit design and electromagnetic wave-related technologies to create solutions for ultra-high-speed transmission of data at over 10Gbps while maintaining excellent signal quality.
Uniqconn accelerates its preparations for mass-production. The company works with robotic arms, smartphone manufacturers, and home appliance manufacturers.
Uniqconn conducted Proof-of-Concept (PoC), addressing electrical and operation issues associated with transmission lines. Some customers have already requested that mass production be done.
Uniqconn will use the new investment to focus on mass production of its products and commercialization to meet the growing customer demand.
Write to Joo-Wan Kim at kjwan@hankyung.com