About VIRNECT
VIRNECT is a company based in Seoul (South Korea) founded in 2015. VIRNECT has raised $37.57 million across 2 funding rounds from investors including Korean Development Bank, Hanwha and KB Investment. The company has 129 employees. VIRNECT offers products and services including XR Content, AI Chatbot, Remote Support, Digital Twin, and Robotic Solutions. VIRNECT operates in a competitive market with competitors including Atheer, Librestream, Scope AR, Help Lightning and Augmentir, among others.
- Headquarter Seoul, South Korea
- Employees 129
- Stage Public
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website store.virnect.com
- Legal Name Virnect Co., Ltd.
- Annual Revenue$2.15 M (USD)-32.66as on Dec 31, 2025
- Net Profit-$3.48 M (USD)60.18as on Dec 31, 2025
- EBITDA-$5.28 M (USD)35.24as on Dec 31, 2025
- Total Equity Funding$37.57M (USD)
in 2 rounds
- Latest Funding Round$30M (USD), Series B
Jan 2022
- InvestorsKorean Development Bank
& 8 more
- Employee Count129
Associated legal entities of VIRNECT
VIRNECT operates through , (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| , CIN U99999MH1977PLC010754 | Active | 10 Aug 1977 | Nanded, Maharashtra | – | – | – | View details |
Products & Services of VIRNECT
VIRNECT offers a comprehensive portfolio of products and services, including XR Content, AI Chatbot, Remote Support, Digital Twin, and Robotic Solutions.
Creates extended reality content for training and visualization
Provides intelligent chatbots for customer and operational support
Enables remote assistance for industrial maintenance tasks
Develops digital models for monitoring and optimizing processes
Offers robots for industrial and collaborative applications
Funding Insights of VIRNECT
VIRNECT has successfully raised a total of $37.57M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $37.57M
- Total Rounds 2
- Last Round Series B — $30M
- First Round $7.57M
(Sep 2019)
- Investors Count 9
All 2 funding rounds of VIRNECT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $30M | Series B | – | STIC Investments, Hanwha | |
| Sep 2019 | $7.57M | Series A | – | KB Investment, Korea Credit Guarantee Fund | – |
9 investors in total: 9 institutional.
Investors in VIRNECT
VIRNECT has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, Hanwha and KB Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and innovation services are provided by STIC Investments. | – | stic.co.kr | Seoul, South Korea | |
Startups are funded and accelerated by Lotte Ventures' sector-agnostic program. | – | lotteventures.com | Gangnam, South Korea | |
Stage & sector-agnostic VC firm funding companies in South Korea and the US | 1981 | ktbnetwork.com | Seongnam-si, South Korea | |
Venture capital fund investing in early-stage tech startups | 1990 | kbic.co.kr | Seoul, South Korea | |
Venture capital and private equity investments are managed by MAGNA Investment. | 2010 | mgni.co.kr | Seoul, South Korea | |
Manufacturer of solar cells, modules, and other related components | 1952 | hanwha.com | Seoul, South Korea | |
Operates as a commercial bank providing deposits, loans, and payment services to customers. | 1989 | kdbbank.eu | Budapest, Hungary | |
Operates as a sector-agnostic accelerator for startups. | 1976 | kodit.co.kr | Daegu, South Korea | |
Development financing and commercial banking are provided in South Korea. | 1954 | kdb.co.kr | Seoul, South Korea |
Investor details for VIRNECT
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of VIRNECT
8 people are tracked at VIRNECT (1 in leadership, 7 in team); the tracked headcount is 129.
| Name | Role | Group |
|---|---|---|
Tim Ha | CEO | Leadership |
재운 임 | 전략실 Strategy Lead | Team |
Jin Park | Global Business Team Lead | Team |
Daewoong Jang | Manager | Team |
Sunil Duggal | Senior manager | Team |
Gonzalo Pinzón | Global Business Manager | Team |
Jiyeon J. | Marketing And Public Relations Specialist | Team |
KyoungSu Kim | Unity Developer | Team |
Complete people profiles for VIRNECT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of VIRNECT
VIRNECT is a publicly listed company on the KRX with ticker symbol 438700 in South Korea, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Jul 2023
- Listed onKRX: 438700
- Listed entityVIRNECT Co., Ltd.
- Exchange sectorTechnology services
- ISINKR7438700007
- Share price1,823.00 KRW (+0.83% on the day) · 2026-10-08
- Market capitalisation20,317,134,163.00 KRW
- EPS (diluted, trailing year)-373.74 KRW
- Volume (last session)10,317
Financials of VIRNECT
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.10B KRW | -5.03B KRW | -7.63B KRW |
| 2024 | 4.60B KRW | -12.64B KRW | -11.78B KRW |
| 2023 | 6.50B KRW | -10.36B KRW | -10.14B KRW |
| 2022 | 5.06B KRW | -8.48B KRW | – |
| 2021 | 3.57B KRW | -8.98B KRW | – |
Balance sheet, profit and loss, cash flow and ratios of , are on its company page.
Detailed financial statements for VIRNECT
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of VIRNECT
4 dated milestones of VIRNECT across 8 years, from founding to its latest funding, stage changes and deals.
- Founded VIRNECT is founded.
- Funding First funding round of $7.6M.
- Funding Latest funding round, Series B, of $30.0M.
- IPO Lists on the stock exchange (IPO).
Competitors of VIRNECT
VIRNECT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Atheer, Librestream, Scope AR, Help Lightning and Augmentir, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| atheerair.com | 2012 | Santa Clara, United States | $36.83M | 31 | Augmented reality platform for enterprise applications is provided. | |
| librestream.com | 2003 | Winnipeg, Canada | $30.69M | – | On-site video collaboration solutions are delivered to service businesses. | |
| scopear.com | 2010 | San Francisco, United States | $11.82M | – | AR-based software for remote assistance support is provided. | |
| helplightning.com | 2009 | Birmingham, United States | $13.53M | 26 | Augmented reality solutions for remote collaboration are provided. | |
| augmentir.com | 2018 | Horsham, United States | $10.51M | – | Provider of a platform offering AR solutions for industrial front-line workers | |
| sightcall.com | 2008 | San Francisco, United States | $57.7M | 20 | Provider of a cloud-based visual collaboration platform | |
| techsee.com | 2015 | Tel Aviv, Israel | $53.5M | 5 | AI virtual agent for customer experience | |
| simulanis.com | 2013 | Delhi, India | $1.44M | 150 | Developer of virtual, augmented, and mixed reality training and productivity tools. | |
| daqri.com | 2010 | Los Angeles, United States | $15M | – | AR-based software for workforce productivity management is provided. |
Detailed competitors of VIRNECT
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of VIRNECT
The website of VIRNECT (virnect.com) receives about 6.7K visits a month.
- Monthly visits6.7K
▼ 37.6% vs previous month
Websites whose visitors overlap most with VIRNECT. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
widedaily.com | widedaily.com | 100% | – | #419,142 | – |
shop.realwear.com | shop.realwear.com | 29% | – | #13,074,302 | – |
Latest news on Virnect
Complete news archive for VIRNECT
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Similar companies to VIRNECT
10 companies that operate in the same segment as VIRNECT (Augmented & Virtual Reality Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Augmented reality mobile games are designed and developed. | 2011 | San Francisco, California, United States | USD 772.84 M | USD 166.77 K | – | |
Interactive STEM kits are provided for children's learning. | 2016 | Bengaluru, Karnataka, India | USD 35.81 M | USD 2.23 M | 138 | |
Hardware-based iPad games for children are developed. | 2013 | Palo Alto, California, United States | USD 36 M | – | 112 | |
Provider of AI and AR-based virtual makeup application solutions | 2014 | Taipei, Taiwan | USD 75 M | USD 69.15 M | 342 | |
Cloud-based augmented reality software is provided for construction professionals. | 2017 | London, England, United Kingdom | USD 34.49 M | USD 5.87 M | 77 | |
Provider of wearable heads-up display for industrial workers | 2016 | Vancouver, Washington, United States | USD 145.48 M | USD 1.11 M | 19 | |
Virtual reality headsets are provided for immersive professional applications. | 2016 | Helsinki, Finland | USD 149.39 M | – | – | |
Virtual world games are facilitated through an NFT-based platform. | 2017 | Buenos Aires, Argentina | USD 25 M | – | – | |
AR-based content management software is offered for 3D product experiences. | 2018 | Toronto, Ontario, Canada | USD 2.1 M | USD 1.53 M | – | |
VR-based home therapy systems are developed for symptom treatment. | 2016 | Brookline, Massachusetts, United States | USD 29 M | – | – |
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Frequently Asked Questions about VIRNECT
VIRNECT was founded in 2015 and raised its 1st funding round 4 years after it was founded.
VIRNECT is headquartered in Seoul, South Korea.
Tim Ha is the current CEO of VIRNECT.
VIRNECT is a funded company, having raised a total of $37.57M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.57M, raised on Sep 2019.
VIRNECT has 129 employees.
Annual revenue of VIRNECT is $2.15M as on Dec 31, 2025.
Provider of augmented reality solutions for industries. The company provides augmented reality solutions for industrial and manufacturing sectors. Based on GPS sensors and object recognition technology, the company provides VIRNECT Remote which solves remote real-time AR video communication problems between field worker and remote expert. Provides SmartWork ARVR to visualize information about the state of the equipment, specifications, sensing data and more using AR technology. Features AR manuals, monitoring, training and simulation solutions and helps in designing, logistics, process material management, equipment checking, and other applications. Product portfolio also includes VIRNECT Make which is an AR authoring tool and VIRNECT View which is a tool to view optimized AR contents in the field.
VIRNECT offers XR Content, AI Chatbot, Remote Support, Digital Twin, and Robotic Solutions.
Yes, VIRNECT is publicly traded on KRX under the ticker symbol 438700.
VIRNECT has 9 investors. Key investors include Korean Development Bank, Hanwha, KB Investment, KTB Network, and STIC Investments.
VIRNECT operates through ,.