# Raypaitech

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

- Industry: Electronics
- Headquarters: Shanghai, China
- Website: www.raypai.cn
- Latest round: Series B (Jun 26, 2026)
- Investors on record: 10

## About

Established in 2012 and based in Shanghai, China, Raypai Photonic Crystal (Suzhou) Co., Ltd., trading under the name Raypaitech, is an optical technology company that focuses on the development, production and sales of augmented reality (AR) software and hardware system. Wenjun Zhang, the company's CTO, graduated from Shanghai University of Technology. The company has a factory in Suzhou. Its plant in Suzhou has an optical waveguide device capacity of 120,000 sets per year. In June 2026, Raypaitech closed series B+++ funding round from Foison Capital and Shenzhen Guozhong Venture Capital.

The company engages in the development and production of consumer-grade AR optical waveguide display devices. Products include geometric optical waveguide devices, two-dimensional geometric waveguide devices, developer kits, etc. It's AR optical waveguide modules such as LMP24, LMP22-1, LPM12 and LMP26. The company provides customers with optical module that can be applied in police, security, industry, education, medical treatment and other fields.

The company’s revenue is generated by providing consumer-grade AR optical waveguide display devices.

The company plans to use the latest funding to construct a new million-set scale production base in Kunshan, purchase advanced equipment, and expand manufacturing capacity to meet the growing global demand for AI/AR smart glasses core optical components.

## Funding rounds

- Series B, Jun 26, 2026 — Shenzhen Guozhong Venture Capital, Foison Capital
- Series B, Jan 7, 2025 — Kunshan Guochuang Investment Group, Kushan Industrial Research Institute Management
- Series A, Oct 27, 2021 — Step Venture Capital, GF Qianhe, Shenzhen Country Garden Venture Capital Co., Ltd.
- Series A, Jan 25, 2021 — Co-Win Ventures, V Fund, Sichuan Tianyi Comheart Telecom Co.,Ltd.

## Investors

- Co-Win Ventures (https://capitalatlas.ai/funds/co-win-ventures) — Series A
- V Fund (https://capitalatlas.ai/funds/v-fund) — Series A
- Sichuan Tianyi Comheart Telecom Co.,Ltd. — Series A
- Step Venture Capital (https://capitalatlas.ai/funds/step-venture-capital) — Series A
- GF Qianhe — Series A
- Shenzhen Country Garden Venture Capital Co., Ltd. — Series A
- Kunshan Guochuang Investment Group — Series B
- Kushan Industrial Research Institute Management (https://capitalatlas.ai/funds/kushan-industrial-research-institute-management) — Series B
- Shenzhen Guozhong Venture Capital (https://capitalatlas.ai/funds/shenzhen-guozhong-venture-capital) — Series B
- Foison Capital (https://capitalatlas.ai/funds/foison-capital) — Series B