Inno Simulation Co., Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Inno Simulation Co., Ltd. - overview
Established
2000
Location
Seoul, -, South Korea
Primary Industry
Hardware
About
Inno Simulation Co. , Ltd. specializes in advanced simulation solutions that transform concepts into actionable insights across various industries, leveraging innovative technology to enhance decision-making and operational efficiency. Founded in 2000, Inno Simulation Co.
, Ltd. operates in Seoul, South Korea, offering unique simulation solutions. The company has secured funding through 3 total deals, with the latest round of KRW 2 billion raised on June 5, 2021, from Enlight Ventures, valuing the firm at KRW 28. 88 billion post-money.
Benoit Neu-Faber serves as both the CEO and Founder, showcasing a history of leadership in the simulation sector. Inno Simulation specializes in providing advanced simulation solutions designed to transform concepts into actionable insights through their core product offerings. Their primary product, a state-of-the-art simulation platform, serves a diverse range of industries, including aerospace, automotive, and healthcare, enabling users to create detailed models that replicate real-world scenarios. The platform allows clients to visualize complex processes, assess performance, and optimize outcomes based on simulated data.
With a strong presence in global markets, particularly in North America, Europe, and Asia, the company caters to a wide clientele, including major corporations, research institutions, and government agencies. By consistently innovating, Inno Simulation aims to meet the evolving needs of its users, fostering enhanced productivity and efficiency across various sectors. Inno Simulation's revenue model is structured around subscription-based services, partnerships, and direct sales to businesses, primarily focusing on B2B transactions. For the most recent year, 2024, the company reported a revenue of KRW 6,849,770.
60 and an EBITDA of -KRW 2,894,618. 40. Clients typically engage through annual subscriptions providing access to their simulation platform, with tiered pricing based on user numbers or features. Strategic partnerships with educational and research institutions also contribute to their revenue, allowing for collaborative projects and tailored solutions.
In June 2021, Inno Simulation Co. , Ltd. raised KRW 2 billion in funding which is aimed at supporting the development of new products and expanding into new markets. The company plans to enhance its simulation platform with upcoming features expected to launch by the end of 2024.
Additionally, Inno Simulation is targeting expansion into the Asian market, aiming to establish a stronger footprint in Southeast Asia by 2025. The recent funding will be utilized to facilitate these initiatives, including product development and market entry strategies.
Current Investors
Daesung Private Equity, Shinhan Bank, Albatross Investment
Primary Industry
Hardware
Sub Industries
Computer & Related Peripherals, Engineering Software, Gaming
Website
www.innosim.com
Verticals
Virtual Reality (VR)
Company Stage
Series B
Total Amount Raised
Subscriber access only
Inno Simulation Co., Ltd. - timeline of key events
Inno Simulation Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,804,043,589 | 10,527,358,877 | 12,586,788,601 | 17,963,910,459 | 29,622,802,160 | 15,307,775,916 | 19,408,742,657 | 14,872,632,830 | 21,867,528,559 | 16,878,208,538 | - | - | - |
| % Revenue Growth (YoY) | - | 176.7% | 19.6% | 42.7% | 64.9% | (48.3%) | 26.8% | (23.4%) | 47.0% | (22.8%) | - | - | - |
| EBITDA (USD) | (1,936,086,994) | 1,789,767,374 | 2,418,112,554 | 2,876,453,374 | 3,209,307,717 | (5,757,265,874) | (1,059,647,894) | (2,766,009,613) | (967,395,429) | (405,036,839) | - | - | - |
| Operating Income (USD) | (2,494,969,411) | 1,046,428,735 | 1,520,817,430 | 2,600,776,374 | 2,430,632,717 | (6,609,440,874) | (3,096,226,894) | (4,848,087,613) | (2,754,584,429) | (1,795,251,839) | - | - | - |
| Operating Margin | (65.6%) | 9.9% | 12.1% | 14.5% | 8.2% | (43.2%) | (16.0%) | (32.6%) | (12.6%) | (10.6%) | - | - | - |
| % EBITDA Margin | (50.9%) | 17.0% | 19.2% | 16.0% | 10.8% | (37.6%) | (5.5%) | (18.6%) | (4.4%) | (2.4%) | - | - | - |
| NET Income (USD) | (3,135,227,588) | 512,834,213 | 801,891,164 | 1,312,025,728 | 1,419,212,856 | (6,522,062,497) | (3,398,585,184) | (5,027,160,335) | (3,187,541,675) | (4,812,607,844) | - | - | - |
| % Net Margin | (82.4%) | 4.9% | 6.4% | 7.3% | 4.8% | (42.6%) | (17.5%) | (33.8%) | (14.6%) | (28.5%) | - | - | - |
Inno Simulation Co., Ltd. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.