About Coris
Coris is a company based in San Francisco (United States) founded in 2022 by Shyam Maddali.. Coris has raised $3.83 million across 2 funding rounds from investors including Pathlight Ventures, Lux Capital and Y Combinator. Coris offers products and services including Coris Platform, MerchantProfiler, and Fraud Solutions. Coris operates in a competitive market with competitors including IDnow, Alloy, Parallel Markets, Craft and Advance Intelligence Group, among others.
- Headquarter San Francisco, United States
- Founders Shyam Maddali
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coris, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.83 M (USD)
in 2 rounds
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Latest Funding Round
$3.7 M (USD), Seed
Feb 01, 2024
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Investors
Pathlight Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Coris
Coris offers a comprehensive portfolio of products and services, including Coris Platform, MerchantProfiler, and Fraud Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI platform for merchant verification and fraud prevention services.
Tool for analyzing merchant data and automating industry classification.
System to identify and block fraudulent applications at sign-up.
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Software Development Team
3 people
Leadership Team
1 people
CTO Team
1 people
Advisor Team
1 people
Founding Team
1 people
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Funding Insights of Coris
Coris has successfully raised a total of $3.83M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.7 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $3.7M
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First Round
First Round
(01 Jun 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Coris | Valuation | Lux Capital , Pathlight Ventures | |
| Jun, 2022 | Amount | Seed - Coris | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coris
Coris has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Pathlight Ventures, Lux Capital and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed and early-stage technology companies are funded by Lux Capital.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Blank Ventures is focused on early-stage fintech investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coris
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Coris
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coris Comparisons
Competitors of Coris
Coris operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IDnow, Alloy, Parallel Markets, Craft and Advance Intelligence Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Software solutions for private market investors
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| domain | founded_year | HQ Location |
Craft is recognized for providing supply chain resilience solutions.
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| domain | founded_year | HQ Location |
Provides loans, risk management solutions and merchant service platform
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| domain | founded_year | HQ Location |
Cloud-based big data and fraud prevention solutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Coris
When was Coris founded?
Coris was founded in 2022.
Where is Coris located?
Coris is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Coris?
Shyam Maddali is the current CEO of Coris. They have also founded this company.
Is Coris a funded company?
Coris is a funded company, having raised a total of $3.83M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2022.
What does Coris do?
Coris was founded in 2022 in San Francisco, United States, within the fintech sector. Merchant risk management software powered by AI is developed and offered by the company. Underwriting processes are automated, manual errors are minimized, and operational efficiency is enhanced through its tools. Risk exposure is reduced for businesses, while data-driven decisions on merchants are supported. APIs are integrated to facilitate automation in underwriting and risk assessment.
Who are the top competitors of Coris?
Coris's top competitors include IDnow, Craft and Parallel Markets.
What products or services does Coris offer?
Coris offers Coris Platform, MerchantProfiler, and Fraud Solutions.
Who are Coris's investors?
Coris has 4 investors. Key investors include Pathlight Ventures, Lux Capital, Y Combinator, and Blank Ventures.
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