# Kovis Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kovis-technology

- Industry: Semiconductors
- Headquarters: Seoul, South Korea
- Website: www.kovistechnology.com
- Total disclosed funding: $11M
- Latest round: Series B (Sep 30, 2024)
- Investors on record: 4

## About

Kovis Technology, based in South Korea, specializes in precision measurement instruments designed for sectors such as semiconductor manufacturing and electronics, providing cutting-edge solutions for various industrial applications.Founded in 2003 in Seoul, South Korea, Kovis Technology develops precision measurement instruments. The company has not undergone any notable pivots or structural changes since its inception. It has secured a total of 2 deals, with its most recent funding round being a Series B, raising KRW 10 billion on September 30, 2024. This round included investments from ON Venture Investment, MW & Company, and Murex Partners, along with returning investor AJU IB Investment. The total amount raised by the company stands at KRW 10 billion.Kovis Technology specializes in precision measurement instruments that cater to various sectors, including semiconductor manufacturing, materials science, and electronics. The company’s core product offerings encompass a range of measurement devices such as the Micro RS and Macro RS scales for mass measurement, gate dielectric electric characteristic testers, thermal characteristic measurement tools, warpage measurement devices, and thin film thickness measuring instruments, including SR and SE models. Additionally, the company produces bond testers to gauge adhesion strength and 3D profilers using WLI interferometry technology, as well as IR microscope systems for advanced optical analysis. These products are designed to meet the rigorous demands of research and industrial applications, with a client base that includes semiconductor manufacturers, research institutions, and quality control laboratories. Kovis Technology's instruments are marketed primarily in the Asia-Pacific region, with a focus on South Korea and surrounding countries, facilitating quality assurance and innovation in high-tech industries.Kovis Technology generates revenue through direct sales of its precision measurement instruments to business clients, primarily operating under a B2B transactional structure. The company engages in a straightforward sales model, where clients purchase equipment outright to enhance their operational capabilities in precision measurement. Each transaction typically involves detailed consultations to determine the appropriate instruments for specific client needs, potentially leading to bulk purchases or ongoing contracts for product support and maintenance. The revenue stream is bolstered by flagship products such as the Micro RS and Macro RS measuring devices, along with other specialized measurement tools designed for rigorous industry standards. Pricing structures may vary based on the complexity and specifications of the equipment, with tailored solutions provided for clients to ensure they receive the most effective measurement solutions for their applications.In September 2024, Kovis Technology raised KRW 10 billion in Series B funding to diversify its product portfolio. The company plans to utilize this funding to support expansion in research and development, including the design and launch of upcoming new products. Specific markets targeted for expansion include other regions in the Asia-Pacific area, with a strategic focus on enhancing their presence in neighboring countries by 2025.

## Funding rounds

- Series B, Sep 30, 2024, $7.6M — AJU IB Investment, Murex Partners, ON Venture Investment, MW & Company
- Series A, Sep 18, 2023, $3.8M — AJU IB Investment

## Investors

- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series A, Series B
- Murex Partners (https://capitalatlas.ai/funds/murex-partners) — Series B
- ON Venture Investment (https://capitalatlas.ai/funds/on-venture-investment) — Series B
- MW & Company (https://capitalatlas.ai/funds/mw-company) — Series B