INNOSPACE
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)