Weve
WEVE is a Seongnam, South Korea-based optical measurement company that manufactures precision Raman spectroscopy systems (MantaRay, StingRay, HEDA) and Micro LED inspection equipment (Bandi Series), serving research institutions and display and compound semiconductor manufacturers across 13 countries via direct sales and a distributor network.
- Company typePrivate
- Founded2014
- HeadquartersSeongnam, South Korea
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Weve does
WEVE Co., Ltd. is a Seongnam, South Korea-based private optical measurement company founded in 2014 (originally as NOST, rebranded in 2022) that designs and manufactures precision instruments for two end markets: scientific Raman spectroscopy and industrial Micro LED inspection. Its product portfolio centers on the MantaRay and StingRay Raman spectrometer systems, the HEDA microscopic Raman platform, and the Bandi Series of Micro LED inspection equipment, supported by proprietary software (Rays-ON, WeVu, RAON-Spec, RAON-Imager, RAON-Vu). Core enabling technologies include the DualTrack™ automatic wavelength calibration system achieving sub-0.02 nm error, the QuickAlign™ grating system with sub-5 arcsecond precision, an aberration-corrected spectrometer architecture, and multi-modal inspection combining AOI, photoluminescence, and colorimetric measurement in a single scan, with a differentiated capability for simultaneous RGB Micro LED inspection that addresses the GaAs-based Red LED absorption challenge.
The company sells primarily to research institutions and academic laboratories in materials science, energy, and bioengineering (70+ institutions globally) and to display and compound semiconductor manufacturers in the LED, OLED, Micro LED, and SiC segments. Revenue is generated predominantly through hardware sales of high-end systems via direct enterprise engagement supplemented by a 13-country international distributor network covering the UK, EU, Turkey, Russia, India, Taiwan, China, and the Middle East. WEVE received seed investment in 2020, Series-A funding in 2022, and approximately $3M in additional capital in late 2024 from Daedeok Venture Partners and the Korean TIPS Program; the company has been recognized in the 2024 Yole Intelligence Micro LED report and obtained CE certification for its Raman systems in February 2025.
Weve firmographics
Firmographics- Name
- Weve
- Legal name
- WEVE Co., Ltd.
- Website
- https://en.theweve.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WEVE is a Seongnam, South Korea-based optical measurement company that manufactures precision Raman spectroscopy systems (MantaRay, StingRay, HEDA) and Micro LED inspection equipment (Bandi Series), serving research institutions and display and compound semiconductor manufacturers across 13 countries via direct sales and a distributor network.
- Ownership category
- akta.pro rank
Weve industry classification
Industry- Product category
- Scientific Instrumentation and Industrial Optical Inspection
- NAICS
- Analytical Laboratory Instrument Manufacturing (334516), Other Measuring and Controlling Device Manufacturing (334519), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513)
- SIC
- Laboratory Analytical Instruments (3826), Measuring & Controlling Devices, Nec (3829), Optical Instruments & Lenses (3827)
- akta.pro primary industry
- Mass Spectrometry & Spectroscopy Instruments (HLAGAIAB)
- akta.pro secondary industries
- Inspection, Checkweighing & Detection Systems (Vision, Metal, X-ray) (IMALAOAH), Machine Vision & Optical Sensing (Cameras, 3D vision, LiDAR, illumination) (IMAGAFAB), Machine Vision & Inspection Lighting (Ring lights, bar lights, backlights, strobed illumination) (IMAGAIAG)
Keywords
Where Weve is headquartered
LocationHeadquarters
- HQ city
- Seongnam
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
Weve business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Operations
Revenue model
- Raman Spectroscopy Instruments: Sale of precision Raman spectroscopy systems including MantaRay and StingRay models. Instruments are sold as complete systems with modular configurations (standard, fusion, inverted). Revenue generated from hardware sales with software included.
- Micro LED Inspection Systems: Sale of Bandi Series inspection equipment for Micro LED manufacturing quality control. Systems support Epi wafers, CoW, CoC, and panel inspection across multiple process stages.
- Software Solutions: Dedicated analysis software including Rays-ON (for MantaRay and StingRay), RAON-Spec, RAON-Imager, and RAON-Vu. Software provides measurement control, data acquisition, and analysis capabilities with free regular updates.
- International Distribution: Revenue generated through international distributor network covering 13 countries. Distributors purchase products for resale in their respective territories.
Go-to-market motion3 records
Distribution channels2 records
Marketing channels6 records
Weve product offering
Product offeringCore offering
WEVE designs, manufactures, and sells precision optical measurement instruments for two end markets: (1) scientific Raman spectroscopy systems (MantaRay, StingRay, HEDA, Ray Line) used by research institutions for materials, energy, and bio-analysis, and (2) industrial Micro LED inspection systems (Bandi Series) used by display and compound semiconductor manufacturers for non-destructive quality control across Epi, CoW, CoC, and panel stages. The instruments are bundled with proprietary operating and analysis software.
Product overview
WEVE delivers precision optical measurement solutions centered on two main technology domains: Industrial Micro LED inspection (Bandi Series) and Scientific Raman spectroscopy (MantaRay, StingRay, HEDA, Ray Line). The Bandi Series provides multi-modal inspection (AOI, PL, colorimetric) for the complete Micro LED manufacturing flow from Epi wafers through panel integration. The Raman portfolio consists of high-end (MantaRay) and compact (StingRay) spectrometer systems, operated through WEVE's proprietary software including Rays-ON and WeVu for the newer Ray Series, and RAON-Spec/RAON-Imager/RAON-Vu for the HEDA platform. All Raman systems feature WEVE's core technologies including DualTrack automatic wavelength calibration and aberration-corrected spectrometer design.
Differentiator
Problem solved
Functional benefit
Products and services
- Bandi Series (2nd Gen Micro LED Metrology System) Industrial Micro LED inspection system providing ultra-fast, non-contact, non-destructive inspection with simultaneous AOI, PL, and colorimetric (x,y,Y) acquisition in a single scan. Identifies defects across the entire process from Epi wafers and CoW through CoC substrates to Micro LED panels. Includes deep learning-assisted defect classification and simultaneous RGB Micro LED inspection capability.
- MantaRay Raman Spectroscopy System High-end Raman spectroscopy system offering outstanding accuracy, reliable reproducibility, and versatile multi-wavelength capability for cutting-edge research and detailed analytical applications. Available in standard, fusion, and inverted configurations. Features DualTrack™ automatic wavelength calibration, QuickAlign™ flexible grating system, and aberration-corrected spectrometer design.
- StingRay Raman Spectroscopy System Compact desktop Raman spectroscopy system designed for simplicity and space efficiency, delivering fast, accurate analysis for routine analysis and settings requiring quick, dependable measurements. CE marked for EU safety standards compliance.
- HEDA Microscopic Raman Spectrometer Microscopic Raman spectrometer released in 2016; Korea's first Laban spectrometer and aberration-corrected spectrometer developed by WEVE. Used in research applications.
- Ray Line Raman System Raman system introduced at the 2026 Korean Carbon Society Conference for carbon material analysis and advanced material analysis applications.
- Rays-ON Measurement Software Dedicated measurement software for WEVE's MantaRay and StingRay Raman spectroscopy instruments, enabling fast, accurate measurements with an intuitive interface and free regular updates.
- WeVu Analysis Software Dedicated analysis software for MantaRay and StingRay that runs separately from the measurement program, allowing flexible, independent data analysis on the user's personal computer with free regular updates.
- RAON-Spec Device Operating Software Device operating software for the HEDA Raman analyzer, providing automatic machine control for convenient measurements, spectrum analysis, optical imaging, and rapid mapping capabilities.
- RAON-Imager Hyperspectral Imaging Software Hyperspectral imaging software for SERA devices, enabling large-area high-resolution high-speed mapping with 512x512 pixel maximum speed of 10 seconds and multiple image representation methods.
- RAON-Vu Analytics Software Dedicated analytics program for RAON-Spec, supporting spectrum data analysis, mapping data analysis, automatic baseline correction, and arithmetic operations for ROI analysis.
Quantifiable outcome
- Average absolute error of 0.01595 nm with DualTrack™ calibration (vs 0.98-0.99 R² without regular calibration)
- +3 more outcomes
Companies that use Weve
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Weve technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Weve partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core, standard and minor.
- Kingyoup Enterprises (SEMICON China 2026)corePartnered with Kingyoup Enterprises to showcase WEVE's Bandi Micro LED inspection system and Ray Raman spectroscopy series at SEMICON China 2026 exhibition in Shanghai. Kingyoup facilitated market introduction in the regional semiconductor and display manufacturing market.
- Sphera Analytics GmbH (ILMAC BASEL 2025)standardSphera Analytics showcased WEVE StingRay Raman spectrometer at ILMAC BASEL 2025, a leading European exhibition in chemistry and life sciences held in Basel, Switzerland. Booth A122.
- Merrow ScientificstandardUK-based distributor handling sales and support of WEVE products in the United Kingdom. Located at Surrey Research Park, Guildford. Contact: Nicholas Shorten ([email protected]).
- Promenergolab LLCstandardRussia-based distributor for WEVE products. Located in Moscow. Contact: Ekaterina Kosorukova ([email protected]).
- Pro EnvironmentstandardPoland-based distributor located in Warsaw. Contact: Bartłomiej Koźniewski ([email protected]).
- IridastandardSpain-based distributor located in Madrid at CTM office building. Contact: Nikos Ekizoglou ([email protected]).
- AdronastandardLatvia-based distributor located in Riga. Contact: Davis Sars ([email protected]).
- HYDRA Teknolojik SistemlerstandardTurkey-based distributor located in Istanbul. Contact: Nuh Genc ([email protected]).
- Sphera Analytics GmbHstandardGermany-based distributor and partner showcasing WEVE StingRay at European exhibitions including ILMAC BASEL 2025. Located in Oberhaching, Germany. Contact: Natalie Al-Hassani ([email protected]).
- UnitronstandardIndia-based distributor located in Bengaluru. Contact: Vipin Rathod ([email protected]).
- ABCS SrlstandardItaly-based distributor located in Milan. Contact: Gianluca Rovelli ([email protected]).
- Kingyoup EnterprisescoreTaiwan-based distributor and strategic partner facilitating WEVE's presence at SEMICON China 2026. Located in New Taipei City. Contact: Sloan Huang ([email protected]). Key partner for Asian market expansion.
- CrosstechstandardChina-based distributor located in Shanghai. Contact: Nick Zhang ([email protected]).
- BDH Middle EaststandardMiddle East distributor located in Dubai, UAE. Contact: Sanjay Kumar ([email protected]).
- ES FrancestandardFrance-based distributor located in Garches. Contact: Daniel Guez ([email protected]).
- PlanartechminorUS-based partnership established in 2014 for technology collaboration and market development. One of WEVE's earliest international partnerships.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Weve competitors and assessment
Company assessmentDirect peers
- WITec (Oxford Instruments): Germany-headquartered Raman and correlative microscopy specialist, now part of Oxford Instruments. Directly comparable to WEVE in high-end research Raman systems for materials and life-science research.
- Renishaw: UK-based global leader in Raman spectroscopy systems for research and industrial applications. Directly comparable to WEVE's MantaRay and StingRay product lines in the scientific Raman market.
- HORIBA Scientific: Japan-headquartered Raman and spectroscopy instrument maker with deep academic and industrial customer base. Competes head-to-head with WEVE in research-grade Raman spectroscopy.
- Toray Engineering: Japan-based equipment maker offering inspection and metrology systems for display and semiconductor manufacturing, including Micro LED-related applications. Direct competitor in Asian display-inspection markets.
Broad incumbents
- Thermo Fisher Scientific: Global analytical instruments leader with Raman and broader spectroscopy product lines. Comparable as a broad incumbent serving similar research-lab customer segments as WEVE.
- Onto Innovation: Semiconductor and advanced packaging inspection equipment supplier with macro-defect and optical inspection capabilities. Overlaps with WEVE in industrial optical inspection for compound semiconductors and emerging display markets.
- KLA Corporation: Dominant semiconductor inspection and metrology equipment maker. Comparable as a broad incumbent in industrial inspection that could enter or expand in Micro LED/compound semiconductor inspection where WEVE competes.
- Bruker: Large scientific instruments manufacturer with a strong Raman and FTIR portfolio. Overlaps with WEVE's scientific spectroscopy business across research and academic markets.
Emerging players
- StellarNet: US-based manufacturer of compact Raman and spectroscopy systems for research and industrial use. Comparable as an emerging player in modular, cost-conscious Raman instrumentation alongside WEVE's StingRay.
- Camtek: Israeli inspection equipment company focused on advanced packaging, compound semiconductors, and emerging end-markets including Micro LED. Directly comparable to WEVE's Bandi inspection platform in industrial optical inspection.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Weve social profiles
Digital presenceWeve compliance and trust
Trust signalCompliance1 record
Weve financial estimates
Financial estimateRevenue estimate
Valuation estimate
Weve leadership team
Management profileNumber of profiles
Profiles1 record
Weve funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Weve M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Weve
What does Weve do?
WEVE designs, manufactures, and sells precision optical measurement instruments for two end markets: (1) scientific Raman spectroscopy systems (MantaRay, StingRay, HEDA, Ray Line) used by research institutions for materials, energy, and bio-analysis, and (2) industrial Micro LED inspection systems (Bandi Series) used by display and compound semiconductor manufacturers for non-destructive quality control across Epi, CoW, CoC, and panel stages. The instruments are bundled with proprietary operating and analysis software.
Is Weve a public or private company?
Weve is a private company. It is classified as venture growth investor backed and is currently operating.
When was Weve founded?
Weve was founded in 2014. It employs 11 to 50 people.
Where is Weve based?
Weve is headquartered in Seongnam, South Korea, in the Asia region.
How does Weve make money?
Four revenue lines are on record. Raman Spectroscopy Instruments are the primary driver. The others are micro LED Inspection Systems, software Solutions and international Distribution.
Who are Weve's main competitors?
Direct peers on record are WITec (Oxford Instruments), Renishaw, HORIBA Scientific and Toray Engineering. Broad incumbents are Thermo Fisher Scientific, Onto Innovation, KLA Corporation and Bruker. Emerging players are StellarNet and Camtek.
Does Weve have an API?
No public API is recorded for Weve.
What industry is Weve in?
Weve's product category is Scientific Instrumentation and Industrial Optical Inspection. Its primary akta.pro industry code is HLAGAIAB, Mass Spectrometry & Spectroscopy Instruments, with a secondary code of IMALAOAH, Inspection, Checkweighing & Detection Systems (Vision, Metal, X-ray). Its NAICS code is 334516 and its SIC code is 3826.