MaHui Member Raysolve Completes Pre-A3 Strategic Funding Round

Raysolve recently announced the completion of its Pre-A3 funding round, led by Meridian Capital with follow-on investments from 37 Interactive Entertainment and miHoYo. The proceeds will accelerate R&D iteration, team expansion, and small-scale mass production, further solidifying Raysolve's leading position in monolithic full-color Micro-LED microdisplays.

Raysolve completed its seed and Pre-A rounds in 2021, backed by Source Code Capital, Gaorong Ventures, and Yaotu Capital. In 2022, it raised Pre-A+ and Pre-A++ rounds with strategic investments from Inno-Chip and AAC Technologies. This latest round of strategic backing from Meridian Capital, 37 Interactive Entertainment, and miHoYo underscores the capital markets' and industry's shared confidence in Raysolve's innovative capabilities. Going forward, Raysolve will strengthen industry collaboration and accelerate commercialization, developing more competitive full-color Micro-LED microdisplay solutions for consumer-grade AR glasses.

Raysolve is dedicated to developing high-performance, highly scalable full-color Micro-LED microdisplays, creating ideal full-color microdisplay solutions for AR glasses. The company's core team hails from the Department of Electronics at The Hong Kong University of Science and Technology, with years of experience in cutting-edge optical chip design and manufacturing. As one of the industry's first to achieve AR-grade monolithic full-color Micro-LED microdisplay chips, Raysolve is actively advancing frontier technology while continuously breaking records in size and pixel density, bringing revolutionary innovation to the microdisplay field.

In recent years, the AR track has gone through phases of heating up, cooling down, and then explosive growth, with the consumer market gradually opening up. As hardware, software, and content ecosystems mature, new AR glasses are launching one after another, and the sector is poised to become a hundred-billion-dollar market. Overall, AR optical solutions center on waveguide technology, with ongoing exploration around lighter, thinner designs, wider field of view, and full-color display — a true百花齐放 (hundred flowers blooming) landscape. On the display side, full-color Micro-LED microdisplay solutions are where terminal manufacturers can truly differentiate themselves.

With deep market insight and eighteen years of technical accumulation, Raysolve has continuously achieved breakthroughs in full-color Micro-LED technology. Since unveiling its first monolithic full-color Micro-LED microdisplay chip in Silicon Valley in 2019, Raysolve has developed multiple full-color Micro-LED microdisplay products based on 8-inch semiconductor processes, including 0.11-inch and 0.22-inch full-color microdisplays showcased at SID Display Week in the United States in 2023. Beyond their ultra-compact size, these microdisplays achieve brightness exceeding 100,000 nits, 98% DCI-P3 color gamut coverage, and Micro-LED pixel density up to 7,200 PPI — earning high recognition and widespread attention from industry professionals.

In terms of full-color approaches, monolithic full-color is the ultimate solution that Micro-LED manufacturers and research institutions worldwide are racing to develop. Raysolve has taken the lead in achieving breakthroughs in this domain, building core technical barriers with hard-won capabilities. Raysolve's proprietary quantum-dot photoresist solution integrates standard quantum-dot materials with photoresist materials through innovative technical integration. This solution maintains high luminous efficacy and resolution while controlling quantum-dot photoresist thickness below 2 micrometers — meeting Micro-LED's requirements for ultra-small pixel sizes while ensuring high absorption and conversion efficiency, fully converting blue light into green and red light to achieve monolithic full-color display.

"The essence of monolithic full-color technology is to enable ultra-lightweight AR glass designs for better wearability and visual experience," said Dr. Yongzhang Zhuang, Raysolve's founder and CEO. "The XR industry chain is long and new, making cross-industry collaboration especially important right now. Every player needs to not only innovate within their own domain, but also work closely with others to jointly drive the XR industry forward."

As a company that prioritizes technology commercialization, Raysolve will stay attuned to market demand, continuously improve product performance, strengthen industry collaboration, and work with ecosystem partners to advance AR optical display solutions.