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INNOSPACE

ApplicationSejong, South KoreaFounded 2017· One of 410 Application companies tracked by AMPulse

Uses proprietary support-free metal LPBF (Laser Powder Bed Fusion) technology to produce high-precision titanium aerospace components and offers the INNO AM-X integrated additive manufacturing monitoring/control software platform.

CEO / Founder
Soojong Kim
Team Size
201-500
Stage
Established
Total Funding
$98.6M
Latest Round
IPO
Key Investors
Korea Investment Partners; FuturePlay; Kolon Investment; Intervest; CompanyK Partners; IMM Investment; Kolon Glotech

Technology & Products

Key Products

Support-free titanium LPBF manufacturing service; INNO AM-X integrated AM monitoring/control software; Aerospace component production (rocket engines, structural parts)

Technological Advantage

Proprietary LPBF process parameters and in-situ monitoring algorithms enable support-free printing of titanium aerospace components, reducing post-processing time and material waste. Technology validated through in-house production of flight-critical rocket parts (e.g., oxidizer pumps). Core IP is defensible via trade secrets and process know-how; software advantage (INNO AM-X) creates switching costs through workflow integration.

Differentiation

Value Proposition

Reduces aerospace component production cost and lead time by eliminating support structures in titanium LPBF, enabling complex, lightweight parts with improved mechanical properties and reduced post-processing.

How They Differentiate

Focuses on support-free LPBF for titanium aerospace components, unlike Relativity Space (large-format metal DED for rockets) or Velo3D (support-free LPBF but broader metal AM systems). INNOSPACE combines in-house component production with software (INNO AM-X), offering integrated solution vs. pure hardware/software players.

Market & Competition

Target Customers

Aerospace & defense OEMs, automotive manufacturers (e.g., Hyundai Motor Group), satellite launch service providers

Industry Verticals

Aerospace; Defense; Automotive

Competitors

Relativity Space; Velo3D; DMG MORI

Growth & Milestones

Growth Metrics

249 employees as of June 2025; first South Korean private company to commercialize support-free titanium LPBF; publicly listed on KOSDAQ (ticker: 462350).

Major Milestones

2017: Founded; 2023: Successful test launch of HANBIT-TLV; 2024: Received AS9100 aerospace quality certification; 2025: Listed on KOSDAQ; 2026: Commercialized support-free titanium LPBF; signed INNO AM-X supply deal with Hyundai Motor Group

Notable Customers

Hyundai Motor Group (for INNO AM-X software)

https://www.innospc.com

Recent coverage of INNOSPACE

Why this company matters

Innospace occupies a niche in metal additive manufacturing by focusing exclusively on support-free laser powder bed fusion (LPBF) for titanium aerospace components. The company addresses a persistent industry challenge: preventing deformation in complex, lightweight parts without internal support structures, which reduces post-processing time and material waste. Unlike broader metal AM system vendors, Innospace combines in-house component production with its own monitoring and control software, creating an integrated workflow rather than selling standalone hardware.

The core technology is a proprietary LPBF process with optimized parameters and in-situ monitoring algorithms that enable support-free printing of titanium alloys such as Ti-6Al-4V. This capability has been validated through in-house production of flight-critical rocket parts, including oxidizer pumps. Complementing the manufacturing service is the INNO AM-X software platform, which provides integrated monitoring and control for additive manufacturing processes, creating switching costs through workflow integration.

Innospace targets aerospace and defense OEMs, satellite launch providers, and automotive manufacturers. Notable customer Hyundai Motor Group uses the INNO AM-X software. The company also partners with Oqton for distribution of Manufacturing OS and 3DXpert in South Korea, Eplus3D for equipment collaboration, and Southern Launch for launch services. With AS9100 aerospace quality certification and a KOSDAQ listing (ticker: 462350), Innospace has established credibility in regulated end markets.

The company's strategic moat rests on defensible process know-how and trade secrets rather than broad patent protection, plus the software platform's integration into customer workflows. Competitive risks include established players like Velo3D, which also offers support-free LPBF but across a wider range of metals, and Relativity Space's large-format DED approach. Innospace's narrower focus on titanium aerospace components and its combined service-plus-software model may limit total addressable market but provides a clear differentiation in a segment where part quality and certification are paramount.