# Raycom

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.raycom.co.kr
- Latest round: Seed (Jun 30, 2021)
- Investors on record: 2

## About

Based in Seoul, South Korea, Raycom Inc. specializes in providing advanced Internet of Things (IoT) solutions for industrial applications, enhancing operational efficiency and enabling data-driven decision-making for a range of sectors.Raycom Inc., founded in 2015 in Seoul, South Korea, focuses on delivering innovative IoT solutions. The company has successfully completed 3 deals, with its most recent deal occurring on April 7, 2022. The founder's background details are not publicly available, yet the company has established a strong presence both domestically and in international markets.Raycom specializes in providing advanced Internet of Things (IoT) solutions tailored for industrial applications. Their offerings include IoT platforms facilitating real-time monitoring, data analytics, and integration with existing industrial systems, primarily serving sectors like manufacturing, logistics, and smart building management.In 2022, Raycom reported revenue of USD 2.36 mn, generated primarily through B2B transactions on a subscription basis, allowing for recurring income and continuous client support.In April 2022, Raycom raised pre-Series A funding from Liga Investment, with participation from Enlight Ventures, to enhance its digital twin technology. The funding will support the development of new products and expansion into additional markets, although specific target markets and release dates have not been disclosed.

## Funding rounds

- Seed, Jun 30, 2021 — Enlight Ventures
- Seed, Jun 1, 2021 — Korea Tech Incubator for Startup, Enlight Ventures

## Investors

- Korea Tech Incubator for Startup — Seed
- Enlight Ventures (https://capitalatlas.ai/funds/enlight-ventures) — Seed