Fake Eyes

What Fake Eyes does

Fake Eyes Co., Ltd. (페이크아이즈) is a South Korean private virtual reality and metaverse software company founded in September 2016 and headquartered in Mapo-gu, Seoul. The company develops VR content and underlying platform technology spanning six verticals: military training, multiplayer gaming, education, virtual events, senior care, and disability accessibility. Its portfolio includes the Sniper AI FIREX live-fire training system, the Colonicle 6-player mobile VR FPS game, the Metadue and ClassV education metaverse platforms, the Meta-World event solution, the Out of the Depression senior entertainment platform, and the Modeni Up social-skills platform for people with disabilities.

The company's core technology stack rests on three proprietary layers: a patented Unified SDK ('One Build' interface) integrating Oculus, SteamVR, and Pico SDKs for cross-platform VR development; a Content Cloud Streaming system that renders server-side and streams video, eliminating the need for end-user hardware purchases; and a VR content creation capability built on Unity3D and Unreal engines with large-scale multi-user networking. AI is concentrated in the military training product — computer vision models analyze muzzle and barrel orientation, AI-driven NPCs simulate combat, and a ballistics engine achieves over 98% trajectory accuracy out to 1km.

The business model is multi-pronged and largely undisclosed in pricing. Commercial mechanisms observed in the source data include: (i) direct enterprise sales of the Sniper AI FIREX defense system via inquiry/contact forms (no pricing disclosed); (ii) content supply agreements with telecom/handset partners LG U+ and Xiaomi for distribution of VR content (signed October 2018); (iii) a technology transfer/licensing transaction for the ClassV education platform (December 2020); and (iv) consumer distribution via the Oculus app store for Colonicle. Customer concentration is opaque — no named end-customer logos are disclosed, and revenue, headcount, and funding data are absent from the input, leaving the company's commercial scale and capital structure unverified.

Name

Fake Eyes

Legal name

Fake Eyes Co., Ltd.

Website

https://fakeeyes.net

Company type

Private

Founded year

2016

Operating status

Operating

Short description

Fake Eyes (페이크아이즈) is a South Korean VR and metaverse software company developing cross-platform VR content and AI-powered training systems for military, education, gaming, senior care, and accessibility markets worldwide.

Ownership category

akta.pro rank

Product category

Virtual Reality Software Development

NAICS

All Other Amusement and Recreation Industries (71399)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro industry

PRIMARYBPAMAKAF

Metaverse & Social Virtual Worlds

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

SECONDARYMPAHACAN

Immersive/Interactive Animation (AR/VR/Real-Time)

Media, Entertainment & Sports/Media Technology & Services (Post-Production, VFX, Animation, Streaming Infrastructure)/Animation & Motion Graphics (2D/3D)

SECONDARYBPAMAKAG

VR/AR Gaming Platforms

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

SECONDARYMPAFAIAG

Virtual Worlds & Social Sandbox Experiences (persistent social spaces)

Media, Entertainment & Sports/Gaming & Interactive Entertainment (Video Games, Esports)/Gaming Communities, Social Platforms & UGC/Game Creation (Mods, Roblox-like)

Keywords

• Virtual reality content
• VR game development
• Metaverse platform
• Immersive training software
• VR education tools

Headquarters

HQ city

Mapo

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Distribution channels3 records

Marketing channels2 records

Core offering

Fake Eyes is a Korean VR and metaverse content studio that develops and sells virtual reality software products spanning consumer games (e.g., Colonicle), professional training simulations (Sniper AI FIREX System), education and classroom metaverse platforms (ClassV, Metadue, Virtual Classroom FE), virtual event spaces (Meta-World), and accessibility/senior-care VR experiences (Out of the Depression, Modeni Up). Its offerings are sold to schools, training departments, event organizers, senior-care providers, and consumer VR gamers, and are powered by proprietary technology including a patented Unified SDK and Content Cloud Streaming infrastructure, built on Unity3D and Unreal pipelines.

Product overview

Fake Eyes is a metaverse and virtual reality content company offering a portfolio of products spanning military training, gaming, education, senior care, and accessibility. Its core offerings include the Sniper AI FIREX System (a military training solution combining live-fire shooting with AI-powered analytics), Colonicle (a multiplayer VR FPS game), and multiple metaverse platforms including Metadue (education), Meta-World (events), Out of the Depression (senior care), and Modeni Up (disability accessibility). The company also developed the OneBuild Unified SDK integrating multiple VR platforms, and operates a cloud streaming technology platform. The products collectively cover immersive VR experiences across entertainment, education, training, and social impact applications.

Differentiator

Problem solved

Functional benefit

Brands

• COLONICLE: Multiplayer virtual reality FPS game - world's first 6-player mobile VR FPS game launched on Oculus platform
• Metadue (메타듀)
• Meta-World (메타월드)
• 세상밖으로 - 웃어서좋다
• Modeni Up (모드니업)
• Sniper FIREX

Products and services

• Sniper AI FIREX System AI-enabled VR shooting/combat training simulation system for professional training buyers seeking realistic, repeatable VR-based scenario practice.
• Colonicle VR first-person shooter (FPS) game targeted at consumer VR gamers.
• Metadue Education metaverse platform for schools and institutions seeking immersive, metaverse-style educational environments.
• Meta-World Virtual events metaverse platform for organizing immersive online events, exhibitions, and branded experiences.
• Out of the Depression VR experience aimed at senior-care and well-being use cases.
• Modeni Up Accessibility-focused VR experience for users with disabilities.
• ClassV Education-focused VR platform for schools and learning institutions.
• Virtual Classroom FE Virtual classroom platform for delivering immersive remote or hybrid lessons.

Quantifiable outcome

• 98%+ accuracy in ballistic simulation
• +2 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• LG U+coreChannel Partner/ Reseller/ DistributorFake Eyes signed a content supply agreement with LG U+ in October 2018 for distribution of VR content through LG U+ platforms. This partnership enables broader consumer access to Fake Eyes' metaverse and VR content in South Korea.
• XiaomicoreChannel Partner/ Reseller/ DistributorFake Eyes signed a content supply agreement with Xiaomi in October 2018 for distribution of VR content through Xiaomi platforms. This partnership extends Fake Eyes' reach into the Chinese and global VR content market.

Recent moves6 records

Expansion highlights5 records

Direct peers

• VRChat: VRChat is a leading consumer social VR and user-generated virtual worlds platform. Comparable to Fake Eyes' metaverse platforms and Colonicle multiplayer VR FPS as a competing destination for VR social/gaming engagement.
• Hiverlab: Hiverlab is a South Korean VR/AR content and collaboration platform company. Comparable to Fake Eyes in Korea-focused VR content creation, cross-platform SDK focus, and enterprise/locational entertainment deployments.
• Zepeto (Naver Z): Naver Z operates Zepeto, a major South Korean avatar-based metaverse and social virtual world. Comparable to Fake Eyes' Metadue, Meta-World, and Modeni Up social metaverse platforms in target users, geography, and underlying platform architecture.
• Virnect: Virnect is a South Korean enterprise VR/AR solutions company serving industrial training, defense, and education markets. Closest geographic and product overlap with Fake Eyes' Sniper FireX, Metadue, and Modeni Up across Korean enterprise verticals.
• Rec Room: Rec Room is a cross-platform social VR platform with user-generated games and rooms, including multiplayer experiences. Directly comparable to Fake Eyes' Colonicle multiplayer VR FPS and metaverse platforms as a competitor for VR social/gaming time.
• Bohemia Interactive Simulations: BISim builds military training and simulation software (VBS suite) used by armed forces worldwide. Directly comparable to Fake Eyes' Sniper AI FIREX System as a competing military-grade VR/live training simulation product.
• ENGAGE: ENGAGE offers a VR collaboration and education metaverse platform used by enterprises and institutions. Highly comparable to Fake Eyes' ClassV/Metadue education and Meta-World events products in functionality and target buyer.

Emerging players

• Mursion: Mursion provides VR-based soft-skills and interpersonal training for enterprises and government. Comparable to parts of Fake Eyes' military AI-training capability and a potential adjacent category peer rather than direct competitor.
• STRIVR: STRIVR provides immersive VR training for sports and enterprise frontline workers. Adjacent to Fake Eyes' training franchise via shared enterprise VR-training buyers rather than direct product overlap.

Broad incumbents

• Roblox: Roblox is a large incumbent metaverse/gaming platform with strong UGC and social virtual worlds. Comparable to Fake Eyes' metaverse platforms and Colonicle as a broader incumbent defining the category for VR-adjacent social experiences.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Fake Eyes