MarketPR
LetinAR Closes $18.5M Round to Scale Optics for AI Glasses SEOUL — South Korean optical components maker LetinAR said it has raised $18.5 million in a new funding round backed by Korea Development Bank and Lotte Ventures.
The LG Electronics-affiliated startup said the proceeds will fund production capacity ahead of a planned 2027 listing in South Korea.
Per the company, total capital raised since its 2016 founding now stands at $41.7 million.
CEO Jaehyeok Kim said the cash will be directed at expanding manufacturing as the AI smart-glasses category moves out of its early-adopter phase. LetinAR does not assemble finished glasses.
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