ICTWAY

Based in South Korea, ICTWAY, operates as a ICT and digital twin software company specializing in AI-powered digital twin platforms, spatial information systems, smart city solutions, GIS databases, and system integration services. Based in Seoul, South Korea and founded in 2012, ICTWAY specializes in ICT and digital twin software solutions. In September 2026, ICTWAY raised KRW 2 billion in venture funding from Timeworks Investment. The funding will be utilized for research and development, workforce expansion, commercialization activities, and market expansion.

ICTWAY specializes in an advanced AI Digital Twin platform, providing software solutions for the design, construction, operation, and monitoring of three-dimensional spatial environments. Their offerings include consulting and project implementation tailored to urban spatial development, leveraging real-time data analytics powered by a DNA framework of Data, Network, and AI. ICTWAY serves clients primarily in the smart city and urban development sectors, offering solutions that integrate with existing systems to enhance operational efficiencies. ICTWAY generates revenue through structured partnerships and direct B2B transactions within its specialized service sectors.

Clients engage under project-based contracts that include consulting services and subscription models for ongoing software solutions. The firm focuses on creating long-term relationships with customers, which includes regular updates and maintenance as part of their service offerings. The company plans to utilize the recent funding for research and development, workforce expansion, commercialization activities, and market expansion.