Innogrid
Category: AI Infrastructure
South Korean cloud computing and AI infrastructure specialist providing intelligent hybrid cloud operating platforms and GPU/xPU orchestration software. Innogrid was founded in 2006. The company is led by Kim Myung-jin (김명진). Based in Seoul, South Korea. Team size: 101-500. Total funding raised: $12.5M. Latest round: Corporate Round. Key investors include KB Investment, Shinhan Venture Investment (formerly NeoPlux), Korea Investment & Securities, Openwater Investment, Wooshin Venture Investment, Life Asset Management, JB Invest, eBEST Investment & Securities, E-Tech System (Etibus Group), NHN Cloud.
- Founded
- 2006
- Headquarters
- Seoul, South Korea
- Team size
- 101-500
- Total funding
- $12.5M
Value proposition
Provides an integrated AI platform connecting all xPU infrastructure (GPU/NPU/CPU/QPU) to AI services through a single control plane, with GPU scheduling, dynamic allocation, and closed-network/private-cloud AI deployment for organizations that cannot use public cloud AI services.
Products and solutions
Cloudit (IaaS cloud platform), Openstackit (OpenStack-based private cloud), SECloudit (Kubernetes-based PaaS), TabCloudit, DevOpsit (DevOps platform), Optimusit, AICubeit (AI/MLOps platform for closed-network AI training/deployment/operations), TAFA (Trusted AI Fabric Architecture), GRIM-GPU (GPU sharing/reconfiguration), Quantum Square (quantum cloud center), Zero Square (cloud control center), Hyper Square (cloud center)
Unique value
Cloud full-stack (IaaS-PaaS-CMP) with self-developed technology, plus GPU/xPU operational efficiency software (rather than building foundation models) and closed-network AI deployment — targeting customers who cannot use public cloud AI due to data residency/security constraints.
Target customer
Public sector/government agencies, financial institutions (banks, insurance), large enterprises, education/research institutions, and organizations requiring on-premise/closed-network AI deployment.
Industries served
Public sector/government, Financial services (banking, insurance), Education & research, Enterprise IT, Manufacturing, Quantum computing, AI infrastructure
Technology advantage
Self-developed cloud full-stack solutions (IaaS/PaaS/CMP); GPU scheduling and dynamic allocation with MIG/vGPU/Time-Slicing; GRIM-GPU GPU sharing/reconfiguration technology; support for domestic NPUs; TAFA unified architecture; 122+ cloud-related patents (75 applications, 47 registrations as of Feb 2026); first Korean SME to obtain IaaS CSAP certification; K-PaaS certified.
How they differentiate
Focuses on GPU/xPU operational efficiency software and closed-network AI deployment rather than building foundation models or acquiring GPUs at scale; leverages public-sector private-cloud build experience; cloud full-stack with self-developed technology and strong security certifications (CSAP, NIS security verification).
Main competitors
Naver Cloud, KT Cloud, Samsung SDS, NHN Cloud (now parent)
Key partnerships
NHN Cloud (parent company since 2026 merger), E-Tech System / Etibus Group (former largest shareholder), SDT (hybrid quantum cloud 'QuREKA'), Red Hat, Lenovo Korea, ETRI, Kookmin University, Soongsil University, Bankware Global, Turaine Cloud, WiseNut (AX alliance for Japan market), Vantiq
Notable customers
National Tax Service (관세청), Seoul City, Korea Water Resources Corporation (K-water), Korea Trade Insurance Corporation, Health Insurance Review & Assessment Service (HIRA), Korea Airports Corporation, Korea Minting and Security Printing Corporation, Jeonbuk Bank, DGB Daegu Bank, Woori Financial Group, EBS (AI PengTalk), National IT Industry Promotion Agency (NIPA)
Major milestones
2006 founded, 2015 Kim Myung-jin joins as CTO, 2019 Kim becomes CEO, 2022 Series B + Pre-IPO funding, Jan 2024 KOSDAQ tech-special preliminary approval, Jun 2024 KOSDAQ IPO preliminary approval CANCELLED (first in Korean IPO history), Dec 2024 E-Tech System becomes largest shareholder (Etibus Group), 2025 Quantum Square center opened, 2026 merged with NHN인재아이엔씨, becoming NHN Cloud subsidiary, 2026 launched AICubeit AI/MLOps platform and 'From xPU to AI Platform' roadmap
Growth metrics
2024 revenue ~₩29.6B (296억원); combined Innogrid + NHN인재아이엔씨 2025 revenue ~₩60B (600억원); target ₩100B+ revenue within 2-3 years; ~175-186 employees
Market positioning
Leading domestic (Korean) cloud full-stack solution provider with strong public-sector footprint, now positioned as NHN Cloud's AI infrastructure subsidiary targeting public, financial, and enterprise markets.
Geographic focus
South Korea (primary), with expansion into Japan via AX alliance
Patents and IP
Cumulative 122 cloud-related patents as of Feb 2026 (75 applications, 47 registrations), including HPC reverse-virtualization, software-defined server, container cluster service, and Kubernetes-based VM/container integrated management.
About Kim Myung-jin (김명진)
PhD in Computer Science (big data & cloud computing); joined Innogrid in 2015 as CTO/head of cloud computing research center; became CEO in 2019. Former university professor (~1 year).
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Official website: https://www.innogrid.com