INVESTOR PRESENTATION
KREN
INVESTOR PRESENTATION

Everyday design reviews
in life-size XR

INVESTOR PRESENTATION

Everyday design reviews
in life-size XR

Industrial XR software that designers and engineers
can use directly, whenever they need it

Byond R · Ben Park, CEO
ben@byond-r.com / +82 10-9375-8613
VIEW R / INVESTOR PRESENTATION01
SUMMARY / VIEW R

XR review software
for designers

View R live demo at CAR.HMI 2026, Berlin
CAR.HMI 2026 · Berlin / View R live demo

From specialist-led XR to everyday design reviews.
Bring your own design data into View R
and review it together at real scale.

01 Proven usage

Hyundai UX team: 6+ months of independent use after setup
Overseas automotive customer: ongoing use in internal projects

02 What USD 375.5K will validate

Renewals and additional licenses from existing teams
Paid adoption by other teams in the same company
Baseline: one Pro license and four user accounts per team

USD equivalents · USD 1 = KRW 1,331.58 · rounded02
CORE PROBLEM / VIEW R

The gap between XR operations and everyday reviews

At the customer sites observed, dedicated staff prepare and operate content for formal reviews.

Formal reviews and events

Vehicle design review

Prepared and run by specialists

Vehicle review display in a specialist-operated environment

Compare design options

Life-size proportions and spatial context

Check component placement

Clearance for hands and tools

Review screens and controls

Visibility, placement and ease of use

*Examples of recurring review tasks

VIEW R / INVESTOR PRESENTATION03
SOLUTION / VIEW R

From design data to collaborative review

Designers and engineers import their own data, review it at real scale and share feedback.

01

Import

Import

Import your own 3D data
Analyze the data structure

02

Optimize

Optimize

Convert data for XR review
Optimize and reduce complexity

03

Review at scale

Review at scale

Work in a life-size environment
Review design and usability

04

Share feedback

Share feedback

Review together
Share comments and review records

*Supported scope depends on file format and deployment environment

VIEW R / INVESTOR PRESENTATION04
PRODUCT IN USE / VIEW R

Review screens and controls inside the vehicle

YouTube ↗

Apply Figma screens

Use researcher-created screens
to evaluate HMI changes

Review HUDs

Review HUDs

Explore HUD concepts that are
hard to prototype physically

YouTube ↗

Internal and customer reviews

Review the same vehicle design together
and collect feedback on screens and controls

*Examples of automotive UX and HMI use

VIEW R / INVESTOR PRESENTATION05
TRACTION / VIEW R

Usage evidence and business traction

Hyundai's UX team has used View R independently for 6+ months after initial setup

2025 revenue

438.6USD K

131% year-on-year growth

2026 business activity to date

342.5USD K

Licenses USD 51.1K + projects 197.5K + government programs 93.9K

Distinct from recognized revenue, ARR and cash receipts

Annual license · UX / HMI
6+ months of independent use after setup
Design review solution under development

Paid project · next-generation tank ergonomics validation
View R-based development and delivery
Additional license purchase under consideration

PoC · production-site design review
Field application validation in progress
License conversion is a subsequent goal

USD equivalents · USD 1 = KRW 1,331.58 · rounded06
TECHNICAL VALIDATION / VIEW R

Industrial data conversion and shared review

View R v1.0 · third-party test results

Average polygon reduction across five .glb models

65.25%

Average object synchronization latency

90.40ms

Users and 3D objects displayed successfully

5 users / 10 objects

*Results apply only to the tested models, environment and methods; no general performance guarantee

Current / conversion and optimization

Convert and optimize industrial design data
Manage CAD and BIM format compatibility
Build field-specific data processing experience

Planned / enterprise integration and AI review

PLM/PDM integration and review automation
Advance AI review and enterprise security
Standardize customer tasks into shared features

VIEW R / INVESTOR PRESENTATION07
FOCUS MARKET / VIEW R

From automotive UX to adjacent industries

Market example: PTC Onshape Vision offers XR design reviews linked to CAD/PDM.

Primary focus

Automotive and mobility

Buyers: UX / design review leads and budget owners
Confirm recurring tasks, real data and responsible teams
Prioritize teams with a paid-adoption owner

Validate independent use and review frequency in one team,
then expand to related teams in the same company

Adjacent applications

AI-generated shipyard and large vessel image

Shipbuilding and marine

HD Hyundai Heavy Industries PoC
validating field applications

AI-generated construction and industrial plant image

Construction and plants

A subsequent expansion area
for design review

VIEW R / INVESTOR PRESENTATION08
BUSINESS MODEL / VIEW R

Annual licensing by account count

4–6 week PoC · validate usability and review workflows with a limited sample

View R Core

USD 10K

Proposed annual international price

1 user account

View R Enterprise

USD 100K+

Proposed annual international price

Organization-wide use

Team adoption baseline: one Pro license

Accounts retain each user's work data · additional Pro and Enterprise sales offer further upside

Growth scenarios use the existing domestic quote, equivalent to USD 63.8K/year · initial services contracted separately

USD equivalents · USD 1 = KRW 1,331.58 · rounded09
GO TO MARKET / VIEW R

Turn one team's usage into paid expansion

From the first team
to the next

Confirmed today

Independent use by Hyundai's UX team

Next to validate

Renewals, additional purchases and paid adoption by other teams

  1. 01

    First-team adoption

    Select a real automotive UX / HMI task
    Agree on each customer's rollout scope

  2. 02

    Prove value

    Confirm independent use
    Measure users and review frequency

  3. 03

    Annual contract

    Confirm budget and decision-maker
    Annual usage agreement for one Pro license

  4. 04

    Expand to other teams

    Confirm similar tasks and budgets in the same company
    Pursue additional paid contracts

  5. 05

    Grow customer revenue

    Measure renewals, purchases and support effort
    Validate profitability by team

VIEW R / INVESTOR PRESENTATION10
12-MONTH PLAN / VIEW R

Validate renewals and paid team expansion

Bridge funding plan

375.5USD K

12-month post-investment ARR target scenario

766USD K

12 teams × approximately USD 63.8K per year

One Pro per team · existing domestic annual quote
A target scenario, not current ARR or committed revenue

Validate repeatable product sales

Separate the core product and onboarding from custom work
Measure setup, support effort and license cost by contract
Current effort, margins and contract-level ARR require confirmation

Validate paid team expansion

Existing-team renewals, other teams and new paid teams
Confirm budget, decision-maker and contract timing per team
Manage the pipeline using evidence at each conversion stage

USD equivalents · USD 1 = KRW 1,331.58 · rounded11
OUR TEAM / VIEW R

Manufacturing, UX and industrial XR expertise

Ben Park, Founder & CEO

Ben Park Founder & CEO

20+ years in industrial design and UX
Development Lead, Product UX Strategy, Hyundai
Senior expatriate designer, Kia Design Center America
Senior Research Engineer, Hyundai–Kia R&D

Ha-kyung Yeom, CPO

Ha-kyung Yeom CPO

Industrial designer and UX specialist
Product development lead at a US entity
Exterior design, Hyundai R&D
UX design, Toyota US
Project Manager, Neosem US

Tae-kyung Ahn Lead Engineer

Digital twins and defense / industrial XR
Large-scale industrial data processing
XR optimization and development experience

Product and customer delivery

Engineering, UX design and technical art
Integrated sales and support

Commercial foundation

Domestic and international intellectual property
Seed investment from Bluepoint

VIEW R / INVESTOR PRESENTATION12
NEXT GROWTH / VIEW R

USD 375.5K to validate renewals
and team expansion

View R: industrial XR software designers and engineers can use directly, whenever needed

Usage evidence today

Hyundai UX team: 6+ months of independent use after setup
Overseas automotive customer: ongoing internal project use
From design data to life-size collaborative review

12-month post-investment target

12 teams
ARR USD 766K

One Pro per team · scenario using the existing quote
Validate through renewals, paid contracts and support effort

Investment terms negotiable · current ARR, renewals, margins and runway require confirmation

USD equivalents · USD 1 = KRW 1,331.58 · rounded13
BYOND R / INVESTOR PRESENTATION

Appendix

Evidence and execution priorities

Appendix

Customer evidence, product scope & validation

APPENDIX14
CUSTOMER USAGE

Sustained use by domestic and overseas customers

Hyundai UX team's independent use and overseas customer project use

Hyundai UX team's independent use

6 months+

Delivered in early 2026 for UX / HMI evaluation
Operated by the customer after initial setup

Detailed usage frequency has not been measured

Overseas automotive customer

Ongoing use in internal projects
Usage questions and requests for additional features

Next validation

Confirm usage frequency and support effort
Renewals, purchases and paid adoption by other teams

APPENDIX15
ADOPTION DRIVERS

Why early customers adopted View R

Summary of early UX / HMI adoption materials and anonymous customer feedback

Reasons for adoption

Useful automatic design-file conversion
Visual quality
Responsive Figma integration

Actual review tasks

Evaluate HMI using researcher-created Figma screens
Apply screens inside a virtual vehicle
Review HUDs that are hard to prototype physically
Internal reporting and external customer evaluation

Validate wider adoption

Expand around real review tasks and responsible teams
Test recurring revenue growth through renewals and additional team contracts

APPENDIX16
PROJECT CASES

Automotive projects: evaluate responses in XR

Vehicle interior layout evaluation in VR

Interior layout evaluation

Compare display and control preferences
Recreate multiple cabin layouts in VR
AVP app + user and test management backend

Project duration: 4 months
VR evaluation of new vehicle features

New feature evaluation

Experience new technology before a vehicle exists
Recreate driving scenarios in VR
Deliver a dedicated Apple Vision Pro app

Project duration: 3.5 months
APPENDIX17
POC USE CASE

HD Hyundai Heavy Industries

Review challenge

Bring multiple decision-makers together
to review complex ship spaces and working conditions

Application direction

Collaborative XR reviews combining design and field perspectives

Current stage

Production-site application
PoC in progress

License conversion is a subsequent goal

Ship design CAD model
Ship design image from the source deck
Shipboard equipment illustration
Equipment illustration from the source deck
APPENDIX18
CUSTOMER VALUE / SAVINGS SCENARIO

Scenario: replace the first two physical reviews
Potential saving of USD 2.37M per vehicle model

Estimate assumes USD 6.61M in model costs and a 12-month review cycle per vehicle model; not measured results

Four reviews in totalVision (M-12)Second (M-6)Approval (M-3)Freeze (M0)

Physical design models

Exterior: 5 models per review (Korea, US, Europe, India, China)
Interior: 5 models per review (same regions)
Color models: 4, mainly at the freeze event
Average cost approximately USD 150.2K per model / average build time 3 months

Exterior: USD 150.2K × 5 models × 4 reviews ≈ USD 3M
Interior: USD 150.2K × 5 models × 4 reviews ≈ USD 3M
Color: USD 150.2K × 4 models × 1 review ≈ USD 0.6M

with View R

Pro at USD 63.8K × 10 teams × 1 per team ≈ USD 638.3K/year

USD 3M − 0.63M = 2.36M

Assumes replacement of the first two reviews / 35.8%

Hardware, deployment and operating costs excluded
Scope of physical replacement needs customer validation

*Estimate varies by customer conditions

USD equivalents · USD 1 = KRW 1,331.58 · rounded19
PRODUCT SCOPE

View R scope and enterprise integration roadmap

Current capabilities are separate from planned development. Validate support by customer file, version and deployment.

Design / engineeringAuthoring
Applied

CAD / BIM data conversion and optimization

Data managementPLM / PDM
Planned

PLM/PDM integration: planned development

Real-time design review infrastructureReview & Collaboration

Life-size and shared review / confirm scope per customer

XR devices / runtimeVisualization
Validation

Validate compatibility for each XR device

Decisions / actionDecision / Action
Planned

AI review and recurring process automation: planned

Hyundai design review solution is under development / standard product and custom work are separate

APPENDIX20
TEST CONDITIONS

View R v1.0 · third-party tests (Aug 2026)

65.25% average polygon reduction across five .glb models
90.40ms average object synchronization latency (5 measurements)
10 3D objects displayed successfully with 1 host + 4 clients

Test scope and limitations

WISESTONE (R)2026-108-VSW-R
Tested Aug 4–7; issued Aug 10
Results apply only to the applicant-specified models, environment and methods

Does not imply KOLAS certification, a general performance guarantee or validated CAD accuracy

WISESTONE View R v1.0 test report
Original test report
APPENDIX21
USABILITY EVIDENCE

AWE 2025: strong visuals, usability priorities

Positive feedback on visual quality and reuse of existing data
Interest in supported formats and connections to other platforms
Requests to improve scale controls, model/UI overlap and gesture learning

Metrics for independent professional use

Time to complete the first review with the user's own data
Unassisted task completion rate and support effort per user
Repeat users and review frequency

Measurement plan based on event feedback; results for these metrics have not been provided

Photos from AWE 2025
At AWE 2025
APPENDIX22
PRODUCTIZATION

Turn recurring requests into shared features

Separate recurring project requests from customer-specific work

CategoryRecurring customer requestStandardization directionCustomer-specific work
Data processingDesign data
XR conversion and optimization
Processing pipeline
Compatibility testing
File, version and quality
criteria confirmation
Interaction integrationSimple controls
Figma / ProtoPie connections
Interaction integration
Control workflows
UI and evaluation
scenario setup
Evaluation collaborationEvaluation data collection
Multi-user shared review
Collection and sharing
Synchronization architecture
Study design
Network and deployment validation
APPENDIX23
GLOBAL PIPELINE

Manage technical validation and sales by stage

Participation

Apple Vision Pro
Evaluation Program

Vision Pro Kit provided
One-year Evaluation Program participation
Field-based technical validation of View R

In progress

Global automotive customers
Follow-up discussions

OEM / Tier 1 follow-up after CAR.HMI Europe
PoC discussions with NIO's German research center
Confirm stage-specific success criteria and paid conversion

APPENDIX24
ADJACENT DEMAND

Screen adjacent demand for recurring review tasks

Demand observed in 2025 domestic customer feedback and AES field notes

Automotive / manufacturing

Interest in factory design optimization and Figma-based HMI evaluation
Review existing data and interactions in real usage contexts

Shipbuilding / construction

Interest in digitalization and AR comparisons with physical objects
Assess specific recurring tasks, such as remote review, first

Aviation / facilities

Interest in engine validation and
virtual prototyping of large facilities and factories

Shared qualification criteria

  1. Recurring task
  2. Customer data
  3. Responsible team
  4. Paid-adoption owner

Demand signals from 2025 domestic feedback and AES field notes, not a current customer or contract list (source slides 25 and 31)

APPENDIX25
MARKET REFERENCE

Onshape Vision: an XR design review example

Distinguish an incumbent CAD/PDM vendor's commercial XR product from View R's validation tasks

Commercial example

PTC Onshape Vision

XR design review linked to its own CAD/PDM
Life-size review on Apple Vision Pro
Real-time CAD change updates
Remote shared review and comments

Role to validate

View R

Use customer design and interaction data
to focus on recurring professional reviews

Validate added value in data preparation,
change updates and review workflows across tools

Comparison metrics

Independent customer use · users · review frequency · preparation effort

Role comparison only; does not imply implemented direct integration between View R and Onshape

APPENDIX26
PARTNERSHIP & EXIT

CAD/PLM partnerships and strategic M&A direction

Validate added value for professional XR reviews before defining partnership paths

Potential partners

CAD/PLM vendors including Siemens, Dassault Systèmes and PTC

Explore technology and distribution partners aligned with customer review tasks
01

Select tasks

Choose customer review tasks

02

Technical validation

Validate APIs, conversion and change updates

03

Joint pilot

Confirm customer fit

04

Define partnership

Explore partner programs, resellers and co-selling

Long-term exit direction

Explore strategic M&A that complements CAD/PLM customers' XR use
Evidence: recurring revenue, paid team growth, retention and proven integrations

An exploratory direction, not a statement of signed partnerships or acquisition interest

APPENDIX27
RISKS & VALIDATION

Risks and validation for recurring revenue growth

Translate usage evidence into retention, profitability and additional team adoption

Management areaCurrent risk or open questionValidation and mitigation
Retention and expansionRenewals and paid expansion to other teams
remain at the validation stage
Track usage, contract expirations and
additional adopting teams
Support and costsMeasure initial setup, user guidance and
additional development effort separately
Separate license costs and project P&L
to assess expansion profitability
Competition and dependenceCAD vendor competition, XR hardware and
enterprise security constraints
Validate UX / HMI differentiation and compatibility
Manage customer concentration

Confirm: contract-level ARR, renewals, purchases, effort, margins, latest cash flow and funding runway

CONTENTS

Presentation contents