Uniqconn (CEO Kim Youngdong), a system semiconductor startup that develops an ultra-fast semiconductor connectivity, has raised a 4.5 billion won ($3.3 million) at the Pre-A round of funding.
The Pre-A investment was led by L&S Venture Capital, with participation of Korea Credit Guarantee Fund, Banks Foundation for Young Entrepreneurs, Tigrisinvestment, Korea investment Accelerator, Blue Point Partners, and BDC Accelerator.
The company’s ultra-fast connectivity is a next-generation transmission solution that replaces traditional connectors and cables, which become problematic at increasingly high data rates, and has developed a wireless data transmission method that eliminates the connection of conductors.
And the company’s solution utilizes semiconductor circuits and electromagnetic waves to deliver superior signal quality at 4 Gbps (6 billion bits per second), and engineering samples of the solution were released and tested for reliability in February.
To implement the solution, the company had global-level technology advantages, including ultra-wideband device development, low-power demodulation, and interface serialization, and product advantages over competitors, including the speed that is twice faster than other competitors, bi-directional communication, integration of multiple signals, and better signal quality.
Based on this technology and product competitiveness, Uniqconn is actively collaborating with global companies such as Qualcomm and Rosenberger. The company has conducted PoC projects in various fields such as robots, manufacturing processes, and home appliances, and has received requests for mass production, and plans to focus on product development. It also was requested to commercialize with the goal of mass production in the second half of next year.
“We are pleased that this investment validates the technology and marketability of our company’s ultra-fast connectivity and brings us one step closer to commercializing our product,” said Kim Yongdong CEO of Uniqconn. He also added “We will continue to focus on product development and commercialization and activate our newly established Chinese subsidiary to further expand our global reach.”
Uniqconn, a startup founded in 2022, is located in the 2nd Pangyo System Semiconductor Design Center in Seongnam-si, Gyeonggi-do, and was selected as the grand prize winner of the 2022 Gyeonggi Startup Competition in the early startup category.
For inquiries and connections with Korean tech companies mentioned in this article, contact us at [email protected]. We’re here to facilitate valuable partnerships.
Also Read,
- Fabless semiconductor startup Fadu raises pre-IPO funding, becomes this year’s first Korean unicorn
- BOS Semiconductors Attracts a 2 Billion Won Worth Investment from Hyundai Motor Group
- Korean AI chipmaker Rebellions gets strategic investment from Korea Telecom
- Seoul Robotics gets ‘Innovative Icon’ tag & $12 million investment from the Korean government
Keep tab on latest news in the Korean startup ecosystem & follow us on LinkedIN, Facebook, and Twitter for more exciting updates and insights.
