# LetinAR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/letinar

- Industry: Software
- Headquarters: Anyang-si, South Korea
- Website: www.letinar.com
- Total disclosed funding: $13M
- Latest round: Series B (Dec 29, 2020)
- Investors on record: 8

## About

LetinAR innovates in Augmented Reality (AR) optics, providing advanced solutions like PinTILT hybrid optics and various lens modules for smart glasses and headsets.Founded in 2016 in Anyang City, South Korea, LetinAR specializes in Augmented Reality optics. The company has successfully completed 5 deals, with its most recent funding round being a Series B in January 2021, raising KRW 8,000.00 mn from investors including KDB Capital and Naver D2 Startup Factory. The CEO, Jaehyeok Kim, leads the firm, which has not undergone any significant pivots or changes in business operations.LetinAR specializes in advanced Augmented Reality (AR) optics, primarily through its core product offerings, which include the PinTILT hybrid optics, Letinus™ Lens module, FrontiAR™ module, and associated evaluation kits. The PinTILT technology uniquely combines the benefits of waveguide and birdbath designs, delivering lightweight, low-power consumption systems that offer bright displays and clear vision for various applications, including smart glasses, headsets, and heads-up displays (HUDs). The Letinus™ Lens module, featuring a 22-degree field of view, is tailored for extended wear in smart glasses, while the FrontiAR™ module expands upon this concept with a wider 45-degree field of view, suitable for everyday and industrial applications. LetinAR's products are marketed to global companies in sectors seeking innovative AR solutions, and they have seen significant demand across multiple geographical markets, including North America, Europe, and Asia.LetinAR's revenue model is structured around the sale of its proprietary optical modules and evaluation kits, catering primarily to businesses within the technology and consumer electronics sectors. Clients range from large corporations to startups focused on developing smart glasses and immersive AR experiences. Transactions typically occur through B2B partnerships, where companies purchase products such as the Letinus™ and FrontiAR™ modules to integrate into their own devices or systems. Pricing structures are defined based on the specifications of each product, including flagship offerings like the T-Glasses and KeplAR EV-Kits. LetinAR has experienced rapid sales growth, reflected in a quickly sold-out inventory to over 14 global companies within the last year, indicating strong demand and market presence in the AR sector.LetinAR's growth strategy includes the development of new products aimed at enhancing its existing AR offerings. The company targets expansion into new geographic markets in North America and Europe by the end of 2022. The recent Series B funding round of KRW 8,000.00 mn will support these initiatives, facilitating the launch of innovative products and further establishing a market presence globally. Additionally, the January 2021 venture funding from Global Brain highlights investor confidence in LetinAR's future growth trajectory.

In May 2026,?LetinAR raised? KRW 27.8 billion in pre-IPO funding from new investors Korea Development Bank, Daesung Private Equity, Kolon Investment, Evergreen Investment Partners, T3 Ventures, GSA Private Equity, GSA, Cape Investment & Securities, Hyundai Investment Partners, Open Water Investment, NBH Capital, VROS INVESTMENT, Glowon Partners, Shinhan Capital, Union Investment Partners, and Lotte Ventures. Other unspecified investors also participated in this round.

The company will use the May 2026 funding to advance its optical module, expand its production, and increase its global customer base in China, US, and Europe.

## Funding rounds

- Series B, Dec 29, 2020, $7.4M — KDB Capital, Naver D2 Startup Factory
- Series A, Feb 1, 2019, $1.8M — KB Investment
- Series A, Oct 2, 2018, $3.5M — DSC Investment, Kakao Ventures, Naver, Platinum Technology Investment, Korea Asset Investment Securities

## Investors

- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Series A
- Naver — Series A
- Platinum Technology Investment (https://capitalatlas.ai/funds/platinum-technology-investment) — Series A
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series A
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series B
- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Series B