What VIRNECT does

VIRNECT is a South Korea-based industrial Extended Reality (XR) solution provider founded in 2016 by CEO Tim Ha, a former research professor at KAIST UVR Lab. The company sells a four-platform software suite — Remote (AR-powered real-time remote collaboration with annotations, multilingual communication, and document sharing), Make (no-code drag-and-drop XR content creation that converts PDFs and manuals into interactive 3D experiences), View (cross-device XR content viewing on smartphones, tablets, PCs, and smart glasses), and Twin (digital twin platform for 3D facility replicas and predictive maintenance) — packaged together as an XR Knowledge Management System. Target customers are industrial enterprises in manufacturing, oil & gas, power and utilities, engineering and construction, transportation, and medical/healthcare, with named deployments at LG Energy Solutions, Samsung, Korea Airport Corporation (14+ airports), Volkswagen Korea, Hyosung Heavy Industries, Hanwha Total Energies, Mokpo City Medical Center, and Mirae N Seohae Energy. The company cites quantified customer outcomes including 80%+ reduction in travel costs, 75%+ improvement in technician training, 42%+ reduction in process downtime, and up to 90% reduction in technical support costs.

VIRNECT operates a primarily enterprise field-sales go-to-market supplemented by a global channel partner network (XR Associates in Malaysia, Proximity in the Americas, Unit Concept, ELITC, Hess & Partners) and wholly-owned regional offices in San Jose (US) and Vienna (Virnect Europe GmbH). Revenue comes from monthly and annual SaaS subscriptions (entry tier $30/month for Remote and Make, free for View) plus professional services for custom implementation, with a public cloud option for SMBs. Go-to-market is reinforced by trade show participation (e.g., WIMTS 2023, Oil and Gas Asia), demo-driven demand generation, and content marketing through a corporate blog. The company has completed 200-300+ enterprise projects, holds recognition including the G20 Infrastructure Working Group's 2022 InfraTech feature, XR Today's 2023 Top XR Service Provider for Field Services, and Korea's Ministry of Science and ICT digital transformation award. VIRNECT completed its KOSDAQ IPO on July 26, 2023 (ticker 438700), raising approximately USD 49M at 1,520:1 institutional oversubscription, and in October 2025 acquired Shinwon Steel, signaling a transition from pure-play software to a broader industrial technology platform.

Name

VIRNECT

Legal name

VIRNECT Co., Ltd.

Website

https://virnect.io

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

VIRNECT is a South Korea-based industrial XR software provider selling a four-platform suite (Remote, Make, View, Twin) for AR remote collaboration, no-code content creation, cross-device viewing, and digital twins, primarily serving large enterprise customers in manufacturing, oil & gas, utilities, transportation, and healthcare across Korea, the US, and Europe.

Ownership category

akta.pro rank

Product category

Industrial Augmented Reality Software

NAICS

Custom Computer Programming Services (541511)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

XR/AR/VR/MR Development Frameworks & Toolchains (MPAFAFAF)

akta.pro secondary industries

Creator Tools & Content Pipelines for Immersive Learning (VR lesson builders, 3D asset workflows) (EDAFAJAL), Video Conferencing & Webinars (BPAMAMAB)

Keywords

• Industrial augmented reality
• Extended reality platforms
• Remote collaboration software
• Digital twin solutions
• AR training systems

Headquarters

HQ city

Yongsan

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Subscription (Product Fee): Monthly and annual subscription fees for access to VIRNECT platforms (Remote, Make, View, Twin). Product fees are invoiced from the day of subscription regardless of actual usage. Public Service option available.
2. Platform Access Fees: Per-user and tiered pricing for cloud-based XR collaboration and content creation platforms. Remote at $30/month includes unlimited connection time and up to 6 simultaneous users. Make at $30/month includes 20GB cloud storage.
3. Professional Services: Custom implementation, technical support, and onboarding services as part of partner program and enterprise deployments

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

VIRNECT provides an industrial Extended Reality (XR) platform suite comprising four core products — Remote (AR-powered remote collaboration), Make (no-code XR content creation), View (multi-device XR viewing) and Twin (digital twin visualization) — for industrial enterprises to enable remote support, training, inspection, and monitoring use cases. The company also operates SQUARS, a web-based XR platform for the European market.

Product overview

VIRNECT offers a unified Extended Reality (XR) platform portfolio comprising four core products: Remote (collaboration), Make (content creation), View (content viewing), and Twin (digital twins). The XR Knowledge Management System (KMS) integrates these four modules to provide end-to-end knowledge digitization, from content creation to delivery. Remote enables real-time AR-powered collaboration for remote support and inspection; Make provides a no-code studio for creating XR experiences; View delivers content across devices; Twin creates digital twins for monitoring and predictive maintenance. All four products work together as an integrated ecosystem for industrial organizations. VIRNECT also operates SQUARS, a web-based XR platform for the European market. The company targets manufacturing, oil & gas, power & utilities, engineering & construction, transportation, and medical industries with solutions for training, remote support, maintenance, and monitoring applications.

Differentiator

Problem solved

Functional benefit

Brands

• Remote: AR remote collaboration platform enabling real-time video streaming through hands-free technology with immersive AR features such as pointing, annotation, and session boards.
• Make
• View
• Twin
• SQUARS

Products and services

• VIRNECT Remote AR-based multiparty remote collaboration platform enabling real-time video streaming, hands-free communication, AR annotations (pointing, drawing, arrows), document sharing, and session recording for industrial remote support, inspection, and expert guidance.
• VIRNECT Make No-code XR content creation studio with a drag-and-drop interface that allows users to create interactive AR experiences, convert PDFs and manuals into visualized XR content, and develop workflow-based training materials without programming expertise.
• VIRNECT View Versatile XR content viewing platform enabling users to view AR experiences on laptops, smartphones, tablets, and smart glasses. Free viewing capability for XR content created with Make.
• VIRNECT Twin Digital twin platform creating 3D replicas of facilities for remote monitoring, simulation, and predictive maintenance. Supports asset twins, system twins, process twins, and components twins at micro and macro levels.
• SQUARS Complete web-based XR platform launched in Europe for industrial and advertising/media/content production/e-commerce augmented reality solutions.

Quantifiable outcome

• 80%+ reduction in travel costs for equipment troubleshooting
• +11 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability8 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• SYNERGISE InitiativeminorStrategic or Co-development Partner · 3 October 2023Internationally funded project dedicated to crafting an Integrated Toolkit for disaster management globally. VIRNECT joins to provide XR solutions for the initiative.
• CelcomDigi BerhadcoreStrategic or Co-development Partner · 11 September 2023MoU signed to develop experiential industrial Metaverse learning and education solutions. Malaysia-based telecommunications company (KOSDAQ: 438700) partnership for industrial XR applications.
• Unit ConceptcoreChannel Partner/ Reseller/ Distributor · 3 August 2023Strategic partnership through XR Associates Malaysia to introduce cutting-edge XR solutions to Malaysia's energy sector, benefiting oil and gas companies and utility industries. Successfully completed workshop and partnership onboarding.
• IHCantabria (Institute of Environmental Hydraulics)coreStrategic or Co-development Partner · 4 July 2023Collaboration to construct a digital twin of IHCantabria's laboratory infrastructure using AR manuals and cloud-based digital platform. Joint research institution between Cantabria University and regional government of Cantabria, Spain, focused on UN Sustainable Development Goals.
• DigiLenscoreTechnology or Integration · 13 February 2023Strategic partnership to integrate DigiLens' state-of-the-art waveguide display technology into VIRNECT's XR solutions. Partnership brings new hardware options providing cost-effective XR solutions for remote assistance and guided manufacturing. DigiLens is recognized for holographic nanostructure-based lightweight compact devices.
• XR AssociatescoreChannel Partner/ Reseller/ Distributor · 1 January 2021Association and consulting company acting as VIRNECT's distributor in the Southeast Asian market. Provides support for local partners and end-users, offering XR solutions and lifecycle services for manufacturing, healthcare, emergency response, and other industries. Companies served include Samsung, LG, and Hyundai Steel references.
• ProximitycoreChannel Partner/ Reseller/ DistributorVR content creators for mining, energy, and manufacturing industries in Peru and Canada. Complements VIRNECT's AR products with immersive learning and experiences including VR/3D training courses, 360 videos, e-learning, and gamification. Six years of experience delivering cutting-edge immersive projects globally.
• ELITC (Electronic Industry Training Centre)minorChannel Partner/ Reseller/ DistributorSingapore-based training centre offering transformational solutions for organizations to upgrade talent pools and prepare for digital readiness.
• Hess & PartnersminorChannel Partner/ Reseller/ DistributorHungary-based provider of innovative and cost-effective solutions for companies regardless of size and industry, increasing productivity and competitiveness in local markets.

Scale indicators10 records

Recent moves7 records

Expansion highlights8 records

Emerging players

• Magic Leap: Magic Leap provides AR hardware and an enterprise XR platform targeting industrial training, design visualization, and collaboration, comparable to VIRNECT's industrial XR focus.
• Augmentir: Augmentir offers an AI-powered connected worker platform combining AR work instructions, remote assistance, and skills analytics, overlapping with VIRNECT's training, Make, and Remote offerings for industrial customers.

Direct peers

• Scope AR: Scope AR's WorkLink and Remote AR offer AR remote assistance and no-code content authoring for industrial customers, mirroring VIRNECT Remote and Make for manufacturing, AEC, and field service use cases.
• Librestream (Onsight): Librestream's Onsight platform delivers AR-enabled remote expert collaboration for industrial inspection and field service, a close functional analogue to VIRNECT Remote in oil & gas, energy, and manufacturing.
• PTC: PTC's Vuforia and ThingWorx platforms provide industrial AR remote assistance, worker guidance, and digital twin solutions directly overlapping with VIRNECT Remote, Make, View, and Twin across manufacturing and field service.
• TeamViewer: TeamViewer Frontline (built on the acquired Upskill and Pioneers AR/Pico platforms) competes head-to-head with VIRNECT Remote in AR-assisted frontline worker collaboration, remote support, and guided workflows.
• RealWear: RealWear provides voice-controlled, hands-free industrial AR smart glasses and a connected-worker software platform used for remote assistance, training, and inspection, directly comparable to VIRNECT's hardware-software stack.

Broad incumbents

• Lenovo (ThinkReality): Lenovo's ThinkReality AR/XR platform and enterprise smart glasses compete with VIRNECT on the hardware-plus-software stack for industrial XR deployments, often pairing with third-party software partners.
• Honeywell (Connected Plant / Wearables): Honeywell provides connected-plant software and industrial wearables used for operator rounds, maintenance, and remote support, overlapping with VIRNECT's oil & gas, utilities, and manufacturing deployments.
• Microsoft (Dynamics 365 Remote Assist / HoloLens): Microsoft bundles AR remote collaboration (Dynamics 365 Remote Assist) with HoloLens hardware and the broader Azure enterprise stack, offering an overlapping but much broader industrial XR portfolio than VIRNECT.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/virnectglobal
• Facebookfacebook.com/virnect.io
• LinkedInlinkedin.com/company/virnect
• Instagraminstagram.com/virnectglobal

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VIRNECT