MAXST

About MAXST

MAXST Co., Ltd. is a South Korean technology company established in 2010 that specializes in augmented reality (AR) and metaverse platforms. The company's CEO is Jae Wan Park. MAXST became a publicly traded company on the KOSDAQ market in July 2021. Over its history, the company has secured significant funding, raising a total of $8.86 million over three early-stage rounds, including investments from notable firms like Hyundai Motor Company, Hana Financial Group, and Partners Investment.

The company's business operates in two primary segments: AR solutions and platform development. For industrial clients, MAXST offers MAXWORK, an AR-based remote collaboration and workflow management tool designed for sectors like smart factories. This service operates on a subscription model. For developers and a broader market, MAXST provides the MAXST AR SDK, a software development kit that enables the creation of AR applications across various platforms, including Android, iOS, Windows, and macOS. The SDK supports integration with popular game engines like Unity and Unreal Engine. This toolkit features functionalities such as Image Tracking, Visual SLAM (Simultaneous Localization and Mapping), Object Tracking, and support for smart glasses.

A central component of MAXST's strategy is the development of MAXVERSE, a metaverse development platform that enables the creation of digital twins of real-world spaces. This platform leverages the company's proprietary Visual Positioning System (VPS) technology to map physical environments and allow users to build immersive AR and VR experiences. First launched in beta in late 2022 and officially released in October 2023, MAXVERSE provides tools for creating and sharing XR content. The company is actively creating 3D spatial maps of real locations, such as Seoul's COEX shopping center, to build a reality-based metaverse. MAXST is also incorporating AI to enhance its 3D reconstruction technology and automate content creation within its platforms.