Korea Precision Materials Industry (KPMI), a Korean company specializing in ultra-light composite materials, has secured KRW 10.5 billion (approximately $7.8 million) in Series A funding. New investors include LB Investment, Hana Ventures, COMES Investment, TONY Investment, and BNK Venture Investment, with existing investor SUNBO Angel Partners also making an additional investment.

Founded in 2020, KPMI produces high-performance composite materials for the defense industry and is recognized for its strong potential to expand into high-value sectors such as mobility and aerospace. The company aims to deliver innovative solutions to the global market in the field of ultra-light composite materials, considered “the core of next-generation materials.”

Shin Seung-hee, chief analyst of LB Investment, remarked, “The global high-performance composites market is currently dominated by a few companies, but KPMI has the potential to significantly increase its market share with its innovative technology and strong network in Asia.”

Yoon Hyungsoo, CEO of KPMI, said, “This investment will allow us to accelerate technological innovation, enhance our production capacity, and strengthen our competitiveness in the global market.”