Korean LiDAR Startup SOS LAB Secure $8 Million Investment

Korea’s LiDAR sensor startup company, SOS LAB, announced that it has secured series A+ investment of a total of US$8 million starting from a lead investment from Korea Development Bank (KDB), bringing the company’s total capital raised so far to US$ 14 million. Despite a decline in general economic activities due to COVID-19, SOS LAB successfully attracted the investment and it has now unveiled its plans for the commercialization of LiDAR.


(Image: SOS LAB)

SOS LAB disclosed ML-1, the product which mounted the aforementioned technology, at CES 2020. Later, the company LAB singed a MOU with ON Semiconductor. The two companies aim to enhance LiDAR technology commercialization in the automotive and smart factory market.

In addition, SOS LAB built partnerships with OEMs and electronic component manufacturers for the development of LiDAR. It showed strong confidence about the commercialization of car LiDAR sensor for 2021.

SOS LAB is also planning to expand its business to various different areas with its LiDAR technology. It is currently supplying security solution LiDAR to customers like the Busan Port Authority in South Korea while targeting a wider range of applications in security, robotics, industry, smart city and more.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE