Retinal Secures 27.8 Billion Won Pre-IPO Investment

Ten Institutions Participate, Including Korea Development Bank and Daesung Startup Investment

Retinal, a display-based artificial intelligence (AI) glass optical module company, announced on May 19 that it has secured a pre-IPO investment totaling 27.8 billion won. With this round, Retinal's cumulative investment has surpassed 62.5 billion won.

This investment round attracted participation from 16 investors, including Korea Development Bank, Daesung Startup Investment, Kolon Investment, Evergreen Investment Partners, T3 Ventures, GSA Private Equity, GSA, Cape Investment & Securities, Hyundai Investment Partners, OpenWater Investment, NBH Capital, Bros Investment, Glomon Partners, Shinhan Capital, Union Investment Partners, and Lotte Ventures.

Established in 2016, Retinal possesses proprietary technology for the design, development, and manufacturing of optical modules, which are the core components of AI smart glasses. This technology achieves both high efficiency and lightweight design compared to conventional optical modules and secures cost competitiveness through a plastic injection-based lens structure.

Based on this investment, Retinal plans to accelerate the advancement of research and development (R&D) and mass production of its optical modules for AI glasses, while also speeding up the expansion of its global customer base in China, the United States, and Europe.

Kim Jae-hyuk, CEO of Retinal, stated, "This pre-IPO investment validates Retinal's unrivaled optical technology and business potential in the market. As AI glasses emerge as a next-generation essential device, we will solidify our position as an irreplaceable supplier of key components in the global market and grow into a core optical infrastructure company for the AI era."

This content was produced with the assistance of AI translation services.