INTERACT (hereinafter referred to as INTERACT, CEO Nam Hyeok Kwon), No-code XR content creation engine developer, opened a Series A investment round. July 10th, INTERACT announced the start of Series A round this year July, completing raising funds in the second half of the year. Last year, INTERACT attracted seed investments 300 million won from Incheon Creative Economy Innovation Center and others.

ETXR, No-code XR content creation engine developed by INTERACT, has been widely adopted overseas. In particular, ETXR was introduced and utilized by Ministry of Emergency Situations of Kyrgyz Republic, China and Vietnam. US engines are mainly used to create XR content, however, as interest in no-code and low-code development tools is raising, the demand for ETXR, that makes possible XR content creation by anyone simply, is expanding. INTERACT has been recognized for its potential and technological prowess in entering overseas markets and credentialed as a promising exporter by the Ministry of Small and Medium Enterprises and Startups. Moreover, INTERACT was selected as a Global IP Star Company by the Intellectual Property Center.

Strong performance and technology contributed to its success in fund raising 2 billion won in Series A investment from Korea Technology Finance Corporation and overseas investors. INTERACT targets
5 billion won for Series A investment, intending to find investors to plug the remaining amount.

Nam Hyeok Kwon, CEO of INTERACT, said “Content creation engine is something that cannot be released in a short period of time”, and added “Over the past five years, we have conducted R&D to secure key element technologies.” He continued “We plan to grow our business by targeting overseas markets, in particular by leveraging our strengths in education and training sectors.”

INTERACT was founded in 2019, developing and supplying ETXR, No-code XR content creation engine. ETXR strengthens professional education and training sectors, such as civil education, firefighting, national defense, police, being exported to China, Vietnam and Kyrgyzstan. INTERACT plans to establish a joint venture in the UAE in the second half of this year. As of 2024, INTERACT is attracting
5 billion won Series A investments.

For Series A investment inquiries, please contact us by email (finance@interactcorp.co.kr)

 

About INTERACT

INTERACT was founded in 2019, developing and supplying ETXR, No-code XR content creation engine. ETXR strengthens professional education and training sectors, such as civil education, firefighting, national defense, police, being exported overseas to China, Vietnam and Kyrgyzstan, aimed at establishing JV in the UAE in the second half of this year. . As of 2024, INTERACT is attracting 5 billion won Series A investments.

 

Website: http://www.interactcorp.co.kr

 

Contact

INTERACT

Business Department

Nam Hyeok Kwon

032-710-0367