InnoSimulation
- Company typePublic
- Founded2017
- HeadquartersSeoul, South Korea
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What InnoSimulation does
InnoSimulation (이노시뮬레이션) is a Seoul-headquartered, KOSDAQ-listed provider of XR (Extended Reality) simulation and digital twin platforms that completed its technology-specialty IPO evaluation in 2022. Operating with 51-100 employees from its Magok-dong headquarters (InnoCampus), the company delivers custom simulation systems primarily to Korean defense contractors (Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem), government research institutes (ETRI, Korea Testing Laboratory, National Institute of Forensic Sciences), automotive OEMs and Tier 1 suppliers, and select academic institutions (KAIST). The company is recognized as the domestic leader in Korea's defense XR sector.
InnoSimulation firmographics
Firmographics- Name
- InnoSimulation
- Legal name
- 주식회사 이노시뮬레이션 (INNOSIMULATION CO., LTD.)
- Website
- https://innosim.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
InnoSimulation industry classification
Industry- Product category
- Simulation Software
- NAICS
- Computer and Peripheral Equipment Manufacturing (33411), Other Measuring and Controlling Device Manufacturing (334519)
- SIC
- Services-Computer Integrated Systems Design (7373), Computer Peripheral Equipment, Nec (3577)
- akta.pro primary industry
- Digital Twins & Scenario-Based Systems Training (Equipment/Process Simulators) (EDAFAJAJ)
- akta.pro secondary industries
- Modeling, Simulation, Digital Twins & Mission Rehearsal Systems (IMABAOAL), XR/AR/VR/MR Development Frameworks & Toolchains (MPAFAFAF), Safety, Compliance & Risk Training Simulations (EHS, OSHA, Hazard Response) (EDAFAJAD), VR/XR Hardware & Accessories (Headsets, Controllers, Trackers, Haptics) (MPAFAGAG)
Keywords
Where InnoSimulation is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
InnoSimulation business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Operations
Revenue model
- XR Simulation Systems & Software Platforms: Sale of integrated simulation platforms including GDStudio (digital twin mobility SW), motion platforms, and VR/XR hardware systems. Revenue is generated through one-time hardware/software delivery combined with ongoing software maintenance and support.
- Custom Simulator Development & Professional Services: Bespoke simulator development for defense (K2 tank, fighter jets, naval vessels), automotive (driving simulators for government/research institutes), and industrial clients. Includes installation, integration, and training services.
- Virtual Testing Solutions (DIL/HIL/SIL/VIL): Virtual validation and testing services for autonomous driving, ADAS, and EV powertrain development. Delivered as integrated platforms to automotive OEMs and research institutions.
- Virtual Training Systems: Turnkey XR-based training systems for defense, automotive, rail, aviation, and heavy equipment industries. Covers multiple sectors including naval damage control, fighter tactics, and close-quarters combat training.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise solutions - project-based pricing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
InnoSimulation product offering
Product offeringCore offering
InnoSimulation develops and supplies XR (Extended Reality) simulation platforms and digital twin software for virtual testing, training, and validation across smart mobility, defense, and industrial sectors. Core products include GDStudio (Korea's first digital twin-based mobility simulation software platform), METATRACK metaverse platform, motion platforms, SIMREX gateway devices, and distributed VARJO XR headsets, sold as integrated simulation systems to government agencies, defense contractors, and automotive manufacturers.
Product overview
InnoSimulation provides a comprehensive XR (Extended Reality) and simulation technology portfolio for smart mobility. The core offerings include GDStudio (Korea's first digital twin-based mobility simulation platform), SIMREX (metaverse gateway device), and Motion Platform (with VR motion sickness elimination). The company distributes VARJO XR headsets and offers sector-specific virtual training solutions for automotive, defense, railroad, heavy equipment, aerospace, and naval applications. Virtual testing services span DIL, HIL, VIL, and SIL methodologies for autonomous driving validation. The METATRACK metaverse platform enables smart mobility digital twin applications.
Differentiator
Problem solved
Functional benefit
Brands
- GDStudio: Korea's first digital twin-based mobility simulation software platform
- SIMREX
- METATRACK
- XoundR
- VARJO
- Inno Ailes
Products and services
- GDStudio
Quantifiable outcome
- Massive simulation capabilities demonstrated at 2026 Automotive Testing Expo Korea for autonomous driving validation
- +2 more outcomes
Companies that use InnoSimulation
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
InnoSimulation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
InnoSimulation partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Hanwha Aerospace (한화에어로스페이스)coreOngoing GVA (Ground Vehicle Architecture) simulator program with Hanwha Aerospace, with a follow-on contract valued at KRW 7.7 billion for an integrated simulator system. The partnership involves co-development of defense training simulation systems for fighter aircraft and ground vehicle platforms.
- KTL (Korea Testing Laboratory, 한국산업기술시험원)coreSupply of E-Mobility performance testing equipment (HILS - Hardware-in-the-Loop Simulation) to KTL for electric mobility validation infrastructure. This represents InnoSimulation's entry into physical AI verification infrastructure for e-mobility testing.
- Gangseo-gu Office (강서구청)minorMOU with Gangseo-gu (Magok) district office for the 'Magok Research Town Academy' initiative, focused on technology exchange and talent development in the XR/simulation field within the Magok innovation district where InnoSimulation's headquarters is located.
- VisionSpace (비전스페이스)minorStrategic MOU signed with VisionSpace for robotics-related XR solutions, combining VisionSpace's robotics technology with InnoSimulation's XR platform capabilities for industrial applications.
- Hyundai Rotem (현대로템)minorCollaboration with Hyundai Rotem on tram simulator development as part of expanding defense and virtual training solutions. Supports Hyundai Rotem's rail and transportation portfolio with XR-based simulation technology.
- KAIST Post-Metaverse Research CenterminorDonated XR experience devices and motion platforms to KAIST's Post-Metaverse Research Center, supporting academic research in metaverse and extended reality technologies. The donation includes InnoSimulation's motion platform technology for research purposes.
- Hsinchu City, Taiwan (대만 신주시)minorSmart city cooperation agreement with Hsinchu City, Taiwan led by Acting Mayor Chiu Chen-yuan. The partnership focuses on XR digital technology and digital twin applications for smart city development, with a delegation visiting InnoSimulation's headquarters in Seoul.
- ETRI / AICA (인공지능융합사업단)coreJoint hosting of VILS OpenLab LIVE DEMO event with Korea Electronics and Telecommunications Research Institute (ETRI) and AI Convergence Alliance (AICA). The VILS OpenLab showcases Vehicle-in-the-Loop simulation technology for autonomous driving validation, combining ETRI's research infrastructure with InnoSimulation's simulation expertise.
- FPT Software (Vietnam)coreFormal business partnership with Vietnam's leading IT company FPT Software in the field of vehicle virtual testing. The partnership focuses on autonomous driving virtual environment solutions and driving simulator technology for the Vietnamese and Southeast Asian markets.
- ETRI (한국전자통신研究院)coreKRW 2.1 billion VIL system construction contract with Korea Electronics and Telecommunications Research Institute (ETRI). InnoSimulation built a Vehicle-in-the-Loop simulation system incorporating hub-type dynamometers for autonomous driving research and validation.
- dSPACE KoreacoreCooperation with dSPACE Korea to expand next-generation autonomous driving solutions. The partnership leverages dSPACE's simulation and validation tools combined with InnoSimulation's hybrid transportation simulation capabilities for comprehensive autonomous driving testing platforms.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
InnoSimulation competitors and assessment
Company assessmentBroad incumbents
- CAE: Global leader in defense, aviation and healthcare simulation/training systems — overlaps with InnoSimulation's defense and aviation training simulator business, but at vastly larger scale.
- Hexagon: Major industrial simulation, digital-twin and autonomous-systems player (MSC Software, Hexagon Manufacturing Intelligence) — broad incumbent competing for automotive and industrial simulation budgets.
- ANSYS: Provider of multiphysics simulation software widely used in automotive, aerospace and defense — competes for the same engineering simulation wallet share as GDStudio.
- Elbit Systems: Israeli defense electronics and training-systems house (including live-virtual-constructive solutions) — broad incumbent in defense XR/training competing with InnoSimulation's K-defense simulator offerings.
- NVIDIA (Omniverse): Provider of the Omniverse digital-twin/metaverse platform and high-performance compute — overlaps with METATRACK in the metaverse/digital-twin category and competes for the same HPC-enabled simulation workloads.
Direct peers
- IPG Automotive: Specialist in driving simulation (CarMaker, TruckMaker) used by OEMs and Tier-1s for ADAS/AD validation — directly overlapping with GDStudio's virtual testing footprint.
- VI-grade: Provider of driving simulators (DiM) and motion platforms for automotive NVH and ADAS development — comparable product stack to InnoSimulation's motion platform + DIL offering.
- dSPACE: German-headquartered leader in autonomous-driving and ECU simulation (HIL/SIL); co-exists with InnoSimulation via the dSPACE Korea partnership and competes directly for the same automotive VIL/DIL/HIL engagements.
- Moog: Industrial motion-platform manufacturer supplying high-fidelity motion bases to defense and automotive simulators — directly comparable to InnoSimulation's Motion Platform business.
Regional players
- LIG Nex1: Major Korean defense contractor with growing training and simulation capabilities — regional competitor for K-defense XR/simulation budgets alongside InnoSimulation's Korean defense customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
InnoSimulation social profiles
Digital presenceInnoSimulation financial estimates
Financial estimateRevenue estimate
Valuation estimate
InnoSimulation leadership team
Management profileNumber of profiles
Profiles4 records
InnoSimulation funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InnoSimulation 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 InnoSimulation
What does InnoSimulation do?
InnoSimulation develops and supplies XR (Extended Reality) simulation platforms and digital twin software for virtual testing, training, and validation across smart mobility, defense, and industrial sectors. Core products include GDStudio (Korea's first digital twin-based mobility simulation software platform), METATRACK metaverse platform, motion platforms, SIMREX gateway devices, and distributed VARJO XR headsets, sold as integrated simulation systems to government agencies, defense contractors, and automotive manufacturers.
Is InnoSimulation a public or private company?
InnoSimulation is a public company. It is classified as public and is currently operating.
When was InnoSimulation founded?
InnoSimulation was founded in 2017. It employs 51 to 100 people.
Where is InnoSimulation based?
InnoSimulation is headquartered in Seoul, South Korea, in the Asia region.
How does InnoSimulation make money?
Four revenue lines are on record. XR Simulation Systems & Software Platforms are the primary driver. The others are custom Simulator Development & Professional Services, virtual Testing Solutions (DIL/HIL/SIL/VIL) and virtual Training Systems.
Who are InnoSimulation's main competitors?
Broad incumbents on record are CAE, Hexagon, ANSYS, Elbit Systems and NVIDIA (Omniverse). Direct peers are IPG Automotive, VI-grade, dSPACE and Moog. LIG Nex1 is listed as a regional player.
Does InnoSimulation have an API?
No public API is recorded for InnoSimulation.
What industry is InnoSimulation in?
InnoSimulation's product category is Simulation Software. Its primary akta.pro industry code is EDAFAJAJ, Digital Twins & Scenario-Based Systems Training (Equipment/Process Simulators), with a secondary code of IMABAOAL, Modeling, Simulation, Digital Twins & Mission Rehearsal Systems. Its NAICS code is 33411 and its SIC code is 7373.