Dive XR

What Dive XR does

Dive XR Co., Ltd. (DIVEXR / 주식회사 다이브엑스알) is a Korean VR/AR/metaverse content developer founded in 2021, headquartered in Seongnam (Gyeonggi-do) inside the Gyeonggi Center for Creative Economy & Innovation, with an R&D office at Myongji College's Startup Center II in Seoul. The company's product surface is anchored by Table Party, a cross-platform multiplayer VR board and casual-game title that bundles 13 games (10 board + 3 casual) with avatar customization, PVP/PVE modes, and a SDK accessible via public intake. Table Party is distributed simultaneously on Meta Quest App Lab (released 2023-03-28), the PICO Global and PICO Mainland stores (released 2023-06-01 under a content supply contract with ByteDance PICO), and SteamVR (released February 2024), giving the company a three-storefront global footprint that is unusually broad for an indie Korean studio.

Beyond the consumer gaming core, Dive XR operates a set of service and vertical lines: Table Party for Edu (an edutech variant of the platform), a Metaverse service line that includes a transparent economic layer co-developed with blockchain firm IBCT under an August 2023 MOU, and a custom AR service line. The company also pursues custom enterprise VR work — most notably the "VR Manual for HD" remote maintenance training system built for HD Hyundai Site Solution, which won Grand Prize at the 2023 Gyeonggi Metaverse Hackathon hosted by the Ministry of Science & ICT and Gyeonggi Province. In January 2026, Dive XR joined a three-company consortium with FakeEyes and SimSimi to announce an offline walking-assistance platform for the visually impaired at CES 2026, extending the company into the global accessibility market.

Revenue is generated through four streams: paid downloads of Table Party on the three VR app stores (with host-platform marketplace commissions), bespoke B2B VR/AR development contracts on a project-quote basis (no public pricing), revenue-share/licensing arrangements with third-party board-game IP holders such as Magic Bean Games, and educational deployments of Table Party for Edu on a recurring basis. The team is small (1–10 employees, with CEO Park Sunyoung and CTO Sungmo Yu the only publicly identified executives), and the company is privately held with no disclosed funding rounds beyond two recent events (Korea Credit Guarantee Fund, 2024-12-03; Y&Archer, 2025-11-28), no revenue figure, and no cap-table details in the source material.

Name

Dive XR

Legal name

Dive XR Co., Ltd. ((주)다이브엑스알)

Website

https://divexr.co.kr

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Dive XR (DIVEXR) is a Korean VR/AR/metaverse developer building cross-platform multiplayer VR games (Table Party on Meta Quest, PICO, and SteamVR), custom enterprise VR training, edutech, and accessibility XR solutions for global consumers and enterprise clients.

Ownership category

akta.pro rank

Product category

Virtual Reality Gaming Software

NAICS

Amusement Arcades (71312), Amusement Arcades (713120)

SIC

Services-Amusement & Recreation Services (7900), Services-Computer Integrated Systems Design (7373)

akta.pro industry

PRIMARYBPAMAKAG

VR/AR Gaming Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Gaming Platforms & Digital Worlds

SECONDARYMPAFAAAE

VR/AR/XR Game Studios

Media, Entertainment & Sports/Gaming & Interactive Entertainment (Video Games, Esports)/Game Development Studios (PC/Console/Mobile)

Keywords

• Virtual reality gaming
• Cross-platform VR content
• AR/Metaverse development
• VR board games
• Immersive VR training

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. VR Game Sales on App Stores: One-time purchase / paid download of the 'Table Party' VR title on Meta Quest App Lab (released 2023-03-28), PICO Global & PICO Mainland (released 2023-06-01), and SteamVR (released 2024-02), with the platform store taking a marketplace commission.
2. Custom B2B VR/AR Solutions: Bespoke enterprise VR/AR development contracts (e.g., VR Manual for HD built for HD Hyundai Site Solution) integrating VR into industry-specific workflows such as remote maintenance training.
3. Licensed Board-Game IP (Inbound to Platform): Revenue-share or licensing arrangement with third-party board-game IP holders (e.g., Magic Bean Games) whose titles are adapted into VR within Table Party, expanding catalog without full in-house IP cost.
4. Edutech Deployments (Table Party for Edu): Educational deployments of the Table Party for Edu variant for institutional and classroom use cases.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels10 records

Core offering

Dive XR develops and publishes "Table Party," a cross-platform multiplayer VR board and casual-game platform that bundles 10 board games and 3 casual games with avatar customization and PVP/PVE modes, distributed globally on Meta Quest App Lab, PICO (Global & Mainland China), and SteamVR. Beyond the consumer VR title, the company delivers custom B2B VR/AR/metaverse development services (e.g., VR Manual for HD maintenance training for HD Hyundai Site Solution), an educational variant ("Table Party for Edu"), metaverse environments with a blockchain-based transparent economic layer (built with partner IBCT), AR applications, and (via a CES 2026 consortium) an offline walking-assistance platform for the visually impaired.

Product overview

DIVEXR is a Korean VR/AR/Metaverse content company offering a portfolio centered on its core product, the cross-platform VR board game platform Table Party (with 13 board and casual games, multiplayer, avatar customization, and releases on Meta Quest App Lab, PICO, and SteamVR). Alongside Table Party, DIVEXR operates a set of service lines and vertical offerings: Table Party for Edu (an Edutech-adapted variant of Table Party), Metaverse services (including the blockchain-based transparent economic system built with partner (주)IBCT), and AR services that overlay digital information onto real space. Through a 2026 CES consortium with FakeEyes and SimSimi Inc., DIVEXR is also extending into barrier-free/accessibility solutions via a walking assistance platform for visually impaired people.

Differentiator

Problem solved

Functional benefit

Brands

• Table Party: Cross-platform multiplayer VR board and casual game developed by Dive XR, available on Meta Quest App Lab, PICO Global/Mainland, and SteamVR. Includes 10 board games and 3 casual games, with avatar customization and PVP/PVE modes.
• Table Party for Edu

Products and services

• Table Party Cross-platform VR board and casual-game platform bundling 10 board games and 3 casual games with avatar customization and PVP/PVE multiplayer modes. Designed for global VR gamers on Meta Quest, PICO, and SteamVR headsets who want shared multiplayer across heterogeneous hardware.
• Table Party for Edu

Quantifiable outcome

• Grand Prize winner at the 2023 Gyeonggi Metaverse Hackathon (23 teams / 80 developers competing, 16 finalists).
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability1 record

Feature6 records

Partnerships

Nine partnerships are on record, tiered strategic, minor and core.

• FakeEyes (Korean vision-AI / XR company)strategicStrategic or Co-development Partner · 1 January 2026Three-company consortium with FakeEyes and SimSimi Inc. to develop a walking-assistance platform for the visually impaired, unveiled at CES 2026. The platform uses monocular depth estimation and semantic segmentation for real-time obstacle detection and voice-guided navigation, operating entirely offline. DIVEXR's role leverages its defense-technology base to expand into the global barrier-free solutions market.
• SimSimi Inc.strategicStrategic or Co-development Partner · 1 January 2026Part of the three-company consortium with FakeEyes and DIVEXR announced at CES 2026 to deliver the offline, voice-interactive walking-assistance platform for the visually impaired, combining SimSimi's conversational AI capabilities with the consortium's vision AI and XR technologies.
• HD Hyundai Site Solution (HD현대사이트솔루션)minorImplementation/ SI/ Consulting Partner · 18 October 2023Challenge-track sponsor at the 2023 Gyeonggi Metaverse Hackathon, for which DIVEXR built the 'VR Manual for HD' maintenance training system. The relationship established DIVEXR as the development partner for HD Hyundai Site Solution's VR-based remote maintenance training initiative.
• Magic Bean Games (주식회사 매직빈게임즈)coreStrategic or Co-development Partner · 8 October 2023MOU with the board-game developer Magic Bean Games to supply board-game content (e.g., Egg Add) into the Table Party VR platform. The deal was announced/demonstrated at the SPIEL 2023 trade show inside the Korea Creative Content Agency joint pavilion, and supports content licensing into DIVEXR's flagship VR title.
• IBCT (주식회사 IBCT)coreStrategic or Co-development Partner · 24 August 2023Signed an MOU with blockchain specialist IBCT to build a transparent economic system inside DIVEXR's metaverse environments. The partnership brings IBCT's blockchain expertise to DIVEXR's metaverse platform, enabling transparent in-metaverse transactions.
• ByteDance PICO (PICO Store — Global & Mainland)coreChannel Partner/ Reseller/ Distributor · 1 June 2023Signed a content supply contract with PICO to distribute Table Party on both the PICO Global store and the PICO Mainland (China) store from 2023-06-01, giving DIVEXR a major distribution channel into the Chinese VR market in addition to Meta Quest.
• Meta (Meta Quest App Lab)coreChannel Partner/ Reseller/ Distributor · 28 March 2023Table Party launched on the Meta Quest App Lab on 2023-03-28, making Meta a primary distribution partner for DIVEXR's flagship VR title among Meta Quest owners worldwide.
• SK Telecom (SKT)minorGTM or Marketing PartnerSKT logo displayed alongside IBCT, Magic Bean and ifland in the 'Our Partners' gallery on the Table Party product page, indicating a marketing/ecosystem relationship around the Table Party platform.
• SK Telecom ifland (ifland)minorGTM or Marketing Partnerifland logo displayed in the Table Party 'Our Partners' gallery, suggesting a co-marketing or cross-platform metaverse partnership with SK Telecom's social metaverse service.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Resolution Games: VR game studio behind Demeo and other VR board/casual games on Meta Quest, PICO, and SteamVR. Direct category competitor to Table Party's VR board-game offering on the same storefronts.
• VRChat: Cross-platform VR/PC social platform supporting multiplayer rooms and avatar customization on Meta Quest, SteamVR, and PC. Competes with Table Party for cross-platform VR social/gaming time.
• Rec Room: Cross-platform VR/2D social gaming platform with multiplayer rooms and avatar customization. Closest direct analog to Table Party's cross-HMD multiplayer, avatar customization, and integrated game library model.
• Schell Games: VR/AR game and experience studio producing multi-platform VR titles and enterprise/educational XR experiences. Comparable to Dive XR's mix of consumer VR gaming and B2B/edutech VR development.
• Manticore Games (Core): Metaverse game-creation platform with multiplayer, avatar systems, and creator monetization. Overlaps with Dive XR's metaverse + Table Party platform strategy and SDK-style developer funnel.
• Spatial: Cross-device metaverse / spatial collaboration platform with avatar customization and developer tooling. Comparable to Dive XR's metaverse service line and AR/blended-reality positioning.
• Mozilla Hubs: Open-source, cross-platform social VR/3D room platform with avatar customization. Comparable to Dive XR's cross-HMD, cross-PC multiplayer, and avatar customization stack.

Broad incumbents

• Meta Horizon Worlds: Meta's first-party cross-platform VR social/metaverse platform. A broad incumbent with overlapping multiplayer, avatar, and game-experience functionality that competes for Meta Quest users' time against Table Party.
• Vertigo Games: Established VR game publisher/developer with multi-platform releases on Meta Quest, PICO, and SteamVR. A broader incumbent operating in the same VR game distribution channels as Table Party.

Regional players

• Zepeto (Naver Z): Korean/Asian avatar-centric social metaverse platform with avatar customization, virtual goods, and a creator economy. A regional peer for Dive XR's metaverse and avatar-driven Table Party positioning in the Korean market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCErXocsv5Evwr3l9xef0DFw
• Facebookfacebook.com/divexr.biz
• Instagraminstagram.com/dive_xr

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Dive XR