About Correntics
Correntics is a company based in Zurich (Switzerland) founded in 2021 by Gaudenz Halter and Michael Gloor. Correntics has raised $41.79 thousand across 3 funding rounds from investors including Eurostar and Venture Kick. Correntics offers products and services including Climate Risk Analytics Platform and Climate Data API. Correntics operates in a competitive market with competitors including Everstream Analytics, Resilinc, Diginex, RiskMethods and Resilire, among others.
- Headquarter Zurich, Switzerland
- Founders Gaudenz Halter, Michael Gloor
- SectorsTechnologyTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website correntics.com
- Social LinkedIn X
- Legal Name Correntics Ag
- Total Equity Funding$41.79K (USD)
in 3 rounds
- Latest Funding Round$1.62M (USD), Grant
May 2024
- InvestorsEurostar
& 1 more
Products & Services of Correntics
Correntics offers a comprehensive portfolio of products and services, including Climate Risk Analytics Platform and Climate Data API.
Platform for assessing climate risks in supply chains.
API providing real-time hazard data for risk mitigation.
Funding Insights of Correntics
Correntics has successfully raised a total of $41.79K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.62 million completed in May 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 $41,793
- Total Rounds 3
- Last Round Grant — $1.62M
- First Round $152,213
(Oct 2022)
- Investors Count 2
All 3 funding rounds of Correntics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $1.62M | Grant | – | – | |
| Apr 2024 | $41,793 | Seed | – | – | – |
| Oct 2022 | $152,213 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Correntics
Correntics has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Eurostar and Venture Kick.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
University backed startup accelerator | – | venturekick.ch | Schlieren, Switzerland | |
Multiple travel services are booked via an app-based platform. | 1990 | eurostar.com | London, United Kingdom |
Investor details for Correntics
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People of Correntics
8 people are tracked at Correntics (4 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Gaudenz Halter | Co-Founder & CTO | Leadership |
Michael Gloor | Co-Founder & CEO | Leadership |
Alina Mastai | Head Of Climate Services And Communications | Leadership |
Ivana Plechaty | Project Lead / Director Of Operations | Leadership |
Michael Rickli | Software Engineer | Team |
Nataliia Mykhash | Software Engineer | Team |
Andrea Angelidou | Climate Data Scientist | Team |
Patrick Utz | Business Advisor | Team |
Complete people profiles for Correntics
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Timeline of Correntics
3 dated milestones of Correntics across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Correntics is founded.
- Funding First funding round of $152K.
- Funding Latest funding round, Grant, of $1.6M.
Competitors of Correntics
Correntics 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 Everstream Analytics, Resilinc, Diginex, RiskMethods and Resilire, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| everstream.ai | 2021 | San Marcos, United States | $74M | 28 | Supply chain risks are analyzed via AI and SaaS platforms. | |
| resilinc.com | 2010 | Milpitas, United States | $15M | 56 | Supply chain risks and resilience are managed via cloud-based software. | |
| diginex.com | 2017 | Hong Kong, China | $6M | – | ESG reporting and supply chain risk management software is provided. | |
| riskmethods.net | 2012 | Munich, Germany | $24.52M | 93 | AI and cloud-based supply chain risk management software is delivered. | |
| resilire.jp | 2020 | Meguro, Japan | $5.38M | – | Cloud-based supply chain risk management software is provided to users. | |
| stableclub.com | 2017 | London, United Kingdom | $50M | – | AI and web-enabled supply chain risk management solutions are provided. | |
| riskpulse.com | 2007 | Austin, United States | $2.69M | – | Weather risk analytics are offered for supply chain management. |
Detailed competitors of Correntics
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Web traffic of Correntics
The website of Correntics (correntics.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 54.2% vs previous month
Latest news on Correntics
Complete news archive for Correntics
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Similar companies to Correntics
10 companies that operate in the same segment as Correntics (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 648 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | – | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Frequently Asked Questions about Correntics
Correntics was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Correntics is headquartered in Zurich, Switzerland.
Michael Gloor is the current CEO of Correntics. They have also founded this company.
Correntics is a funded company, having raised a total of $41.79K across 3 funding rounds to date. The company's 1st funding round was a Grant of $152.21K, raised on Oct 2022.
Climate risks in supply chains are analyzed and assessed.
Correntics's top competitors include Everstream Analytics, Resilinc and Diginex.
Correntics offers Climate Risk Analytics Platform and Climate Data API.
Correntics has 2 investors. Key investors include Eurostar, and Venture Kick.
Correntics operates through Correntics Ag.