HJWAVE, a specialist in millimeter-wave (mmWave, 30~300GHz) RF technology, announced that it has successfully completed a KRW 45 billion funding round.

The company is developing next-generation radar antennas for autonomous driving systems based on its proprietary millimeter-wave RF technology.

In last year’s Pre-A funding round, HL Klemove, AFW Partners, Arges Private Equity, and Bitsensing participated. This round saw follow-up investments from AFW Partners and Bitsensing, alongside new participation from the Korea Development Bank (KDB), LB Investment, Industrial Bank of Korea (IBK), IBK Capital, KDB Capital, Kyobo Securities, Albatross Investment, Intervalue Partners, and L&S Venture Capital.

Yoo Tae-hwan, CEO of HJWAVE, stated, “With this investment, we plan to strengthen our manufacturing capabilities and production infrastructure in preparation for full-scale mass production. Additionally, we will allocate funds to expand into overseas markets and diversify into new industries. We are committed to delivering tangible revenue and profitability to the market while staying focused on advancing future technologies, maintaining trust with both the market and our investors.”