Nexty Electronics Corporation contributed to a $10.2m round for the Kakao-backed 4D radar technology developer.
South Korea-based radar technology developer Smart Radar System raised KRW11.2bn ($10.2m) yesterday from investors including semiconductor and electronic component producer Nexty Electronics Corporation.
Korea Investment Partners, GU Equity Partners, BSK Investment, Hemi Ventures and Sparx Group also participated in the round.
Smart Radar System is working on 4D image-based radar technology for use in autonomous vehicles, weapon detection systems, smart healthcare products and unmanned aerial vehicles for the defence industry.
Internet group Kakao’s investment arm, Kakao Ventures, had led the…
