Raysolve Closes Pre-A Round, Full-Color Micro-LED Micro-Display Chips to Power Consumer AR Applications
This round was led by Gaorong Ventures.
Raysolve recently announced the completion of a tens-of-millions-of-dollars Pre-A funding round, led by Gaorong Ventures with participation from Yaotu Capital. The funds will be used for R&D iteration and small-batch production of the company's globally first standardized full-color Micro-LED microdisplay chip, to meet urgent market demand from first-tier terminal manufacturers at home and abroad.
This marks two funding rounds completed by Raysolve within six months — an angel round and the Pre-A round — with cumulative investment nearing RMB 100 million.
Founded in 2019, Raysolve is a high-tech company focused on Micro-LED microdisplay chip architecture design, process technology, and monolithic full-color technology research. The company's core team originated from the Department of Electronic and Computer Engineering at The Hong Kong University of Science and Technology, with years of experience in cutting-edge optical chip design and manufacturing. In 2019, the team released the world's first monolithic full-color Micro-LED microdisplay chip in Silicon Valley.
Raysolve believes that AR is the inevitable gateway to the metaverse, and that AR technology and smart glasses are poised to replace smartphones as the ultimate interactive platform of the next decade. Yet today's bulky head-mounted AR "helmets" are not only extremely inconvenient, but their low display brightness also limits numerous application scenarios. The truly lightweight consumer-grade AR smart glasses of the future will enable users to interact with the virtual world within real-life settings.
To achieve consumer-grade AR applications, monolithic full-color is the threshold that current Micro-LED microdisplay development must cross. At present, Micro-LED microdisplay chips globally remain largely at the monochrome display level, with no mature monolithic full-color Micro-LED display solution yet available.
Dr. Yongzhang Zhuang, Raysolve's founder and CEO, stated, "Benefiting from the development of third-generation semiconductor technology, the company has built globally leading full-color Micro-LED display technology and solutions. Raysolve's Micro-LED microdisplay chips bring advantages to displays including high brightness, high contrast ratio, high luminous efficacy, small size, low power consumption, and low packaging costs."
Currently, most Micro-LED microdisplay companies at home and abroad still follow the flip-chip technical route. Flip-chip has clear limitations in alignment precision and pixel size — the technology itself cannot achieve ultra-micro pixel dimensions and is unsuitable for application scenarios requiring ultra-high pixel density (such as AR smart glasses).
Raysolve's proprietary CoANODE™ common-anode ultra-high-brightness Micro-LED chip architecture, combined with large-size GaN-on-Silicon epitaxial wafers and colorization coatings, enables Raysolve's ultra-high-precision full-color Micro-LED microdisplay chips, capable of meeting the display demands of small-size, high-brightness interactive application scenarios such as AR smart glasses.
Furthermore, Raysolve's proprietary large-size epitaxial transfer technology ensures ultra-high pixel density and high manufacturability while also delivering higher performance and lower power consumption for the chips, further cementing its industry-leading position.
"Raysolve's independently developed full-color Micro-LED microdisplay chips will help enable consumer-grade AR smart glasses, providing end consumers with an entirely unprecedented experience," said Dr. Yongzhang Zhuang. Beyond the currently market-high-profile AR display field, Raysolve's Micro-LED microdisplay technology may also be applied in the future to HUD (head-up displays), 3D printing, maskless lithography, and numerous other domains.
A project lead at Gaorong Ventures commented, "Gaorong has been closely following the development and breakthroughs of core AR components. Raysolve's persistent exploration and accumulation in the Micro-LED direction has shown us the strong feasibility of achieving thin, lightweight, high-brightness AR devices with full-color functionality in the near future. We look forward to Raysolve driving the accelerated arrival of consumer-grade AR applications, starting from breakthroughs in underlying technology."
Following the completion of this funding round, Raysolve will continue to increase R&D investment, expand its technological advantages, actively lay out core markets, and become a global leader in the microdisplay industry.
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