Uniqconn raises $7 mn in Series A round

South Korea's system semiconductor startup Uniqconn announced on Tuesday that it attracted 10 billion won ($7.24 million) in Series A round

The funding round was led by Doosan Investment Co., with participation from Hanwha Investment & Securities, SV Investment, and existing investor L&S Venture Capital.

Uniqconn, a wireless communication semiconductor startup, is developing next-generation transmission solutions to replace traditional conductor-based connectors and cables.

The company leverages semiconductor integrated circuit design technology and electromagnetic wave-related technology to create solutions that enable ultra-high-speed data transmission of over 10Gbps with excellent signal quality.

Uniqconn is accelerating preparations for mass production. The company collaborates with robotic arms, home appliances, and smartphone manufacturers.

Uniqconn has conducted proof-of-concept (PoC) projects with clients, addressing electrical and operational issues associated with existing transmission lines. Some customers have already requested mass production.

With the new investment, Uniqconn plans to focus on mass production and commercialization of its products to meet growing customer demand.

Write to Joo-Wan Kim at kjwan@hankyung.com