About Correct Networks
Correct Networks is a company based in Bucharest (Romania) founded in 2020 by Costin Raiciu and Radu Stoenescu.. Correct Networks operates in a competitive market with competitors including Mellanox Technologies, Xsight Labs, Innovium, ClariPhy and Centec, among others.
- Headquarter Bucharest, Romania
- Founders Costin Raiciu, Radu Stoenescu
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Sectors
Technology
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Email
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Phone
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$164.87 K (USD), Grant
Sep 01, 2019
- Investors
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Employee Count
Employee Count
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Funding Insights of Correct Networks
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $164,872
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First Round
First Round
(01 Jan 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Grant - Correct Networks | Valuation |
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| Jan, 2019 | Amount | Grant - Correct Networks | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Correct Networks
Correct Networks has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Correct Networks
| 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 - Correct Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Correct Networks Comparisons
Competitors of Correct Networks
Correct Networks 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 Mellanox Technologies, Xsight Labs, Innovium, ClariPhy and Centec, 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 |
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Provider of Ethernet and InfiniBand interconnect solutions for servers and storage
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Provider of data center switches for Ethernet connectivity
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Semiconductor solutions for data center networking challenges are developed.
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ICs for high-speed communications are designed and marketed.
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Provider of vacuum cleaners and vacuum accessories for residential and commercial use.
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Power over LAN and solutions for IP Telephony
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Correct Networks
When was Correct Networks founded?
Correct Networks was founded in 2020.
Where is Correct Networks located?
Correct Networks is headquartered in Bucharest, Romania.
Who is the current CEO of Correct Networks?
Costin Raiciu is the current CEO of Correct Networks. They have also founded this company.
What does Correct Networks do?
Founded in 2020 and based in Bucharest, Romania, Correct Networks operates in the datacenter networking sector. Tunneling mechanisms are implemented at endpoints to encapsulate host or VM traffic, with load balancing, congestion management, and receiver-driven prioritization handled accordingly. Virtualization capabilities are also offered, allowing network operators to optimize networks and edge clouds for enhanced performance.
Who are the top competitors of Correct Networks?
Correct Networks's top competitors include Xsight Labs, Innovium and Mellanox Technologies.
Who are Correct Networks's investors?
Correct Networks has 1 investor. Key investors include European Union.