What is Virnect?
Virnect is an innovative technology company focused on applying augmented reality (AR) to solve complex problems within industrial worksites. By adopting a client-centric approach, Virnect collaborates closely with its customers to analyze their specific challenges and develop advanced, necessary AR solutions. This dedication to co-creation and problem-solving positions Virnect as a key player in driving AR adoption for operational efficiency and safety in industrial environments.
How much funding has Virnect raised?
Virnect has raised a total of $30M across 1 funding round:
Series B
$30M
Series B (2022): $30M with participation from KTB Network, STIC Ventures, KB Investment, Lotte Ventures, KDB Investment, and Hanwha Group
Key Investors in Virnect
KTB Network
KTB Network, also known as WOORI Venture Partners, is an investment firm dedicated to providing capital and support for the sustainable growth of its portfolio companies, with a focus on venture capital investments.
STIC Ventures
STIC Ventures, the venture investment division of STIC Investments, aims to be a leading venture capital manager in Asia, investing in promising businesses to foster economic growth.
KB Investment
KB Investment is a venture capital and private equity firm established in 1990, providing investment to companies with innovative technology, services, and entrepreneurship.
What's next for Virnect?
The recent major strategic investment signals a pivotal growth phase for Virnect. This capital infusion is expected to accelerate product development, expand market reach, and further enhance its AR solutions for industrial applications. Virnect is poised to leverage this strategic backing to solidify its position and drive further innovation in the industrial AR landscape.
See full Virnect company page
