About KorrAI
KorrAI is a company based in Halifax (Canada) founded in 2020 by Rob McEwan and Rahul Anand.. KorrAI has raised $187.5 thousand across 3 funding rounds from investors including Y Combinator, Venture Grade and Innovacorp. The company has 12 employees as of December 31, 2024. KorrAI offers products and services including Ground Motion Monitor and Ground Motion Risk Index. KorrAI operates in a competitive market with competitors including Spire, Descartes Labs, Leica Geosystems, Albedo and Maxar Technologies, among others.
- Headquarter Halifax, Canada
- Employees 12 as on 31 Dec, 2024
- Founders Rob McEwan, Rahul Anand
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Sectors
TechnologyNatural Resources
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Phone
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Website
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Social
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- Legal Name Korrai Technologies Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$187.5 K (USD)
in 3 rounds
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Latest Funding Round
$125 K (USD), Seed
Mar 30, 2022
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Investors
Y Combinator
& 2 more
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Employee Count
12
as on Dec 31, 2024
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Products & Services of KorrAI
KorrAI offers a comprehensive portfolio of products and services, including Ground Motion Monitor and Ground Motion Risk Index. 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.
Detects ground movement for infrastructure using InSAR and AI alerts.
Evaluates subsidence threats for property insurance at regional levels.
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Funding Insights of KorrAI
KorrAI has successfully raised a total of $187.5K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in March 2022. 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 3
- Last Round Seed — $125,000
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First Round
First Round
(30 Sep 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - KorrAI | Valuation | Y Combinator |
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| Nov, 2021 | Amount | Seed - KorrAI | Valuation | Venture Grade |
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| Sep, 2020 | Amount | Seed - KorrAI | Valuation | Innovacorp |
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| 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 |
Investors in KorrAI
KorrAI has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Y Combinator, Venture Grade and Innovacorp. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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A venture fund managed by students at Saint Mary University.
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Founded Year | Domain | Location | |
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Accelerator, Incubator & VC Firm investing primarily in Canada and the US
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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 KorrAI
| 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 - KorrAI
| 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 |
Korrai Comparisons
Competitors of KorrAI
KorrAI 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 Spire, Descartes Labs, Leica Geosystems, Albedo and Maxar Technologies, 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 |
Cloud, AI, and satellite-based data analytics solutions are developed.
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| domain | founded_year | HQ Location |
Earth satellite imagery solutions are provided for monitoring applications.
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| domain | founded_year | HQ Location |
Surveying and measurement solutions for mining industries are provided.
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| domain | founded_year | HQ Location |
Cloud-based satellite imaging and mapping platform is provided.
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| domain | founded_year | HQ Location |
AI and cloud-based satellite imaging services are provided globally.
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| domain | founded_year | HQ Location |
Data visualization software for earth and geological data is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Korrai
Frequently Asked Questions about KorrAI
When was KorrAI founded?
KorrAI was founded in 2020.
Where is KorrAI located?
KorrAI is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
Who is the current CEO of KorrAI?
Rahul Anand is the current CEO of KorrAI. They have also founded this company.
Is KorrAI a funded company?
KorrAI is a funded company, having raised a total of $187.5K across 3 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Sep 30, 2020.
How many employees does KorrAI have?
As of Dec 31, 2024, the latest employee count at KorrAI is 12.
What does KorrAI do?
KorrAI was founded in 2020 in Halifax, Canada, focusing on the mining sector through AI technologies. A platform is offered to interpret aerial and LiDAR imagery, generating contextual insights for exploration. Subscription-based access to pre-trained footprint features is provided, along with customized quick learner solutions for geofencing and related applications. Operations emphasize data-driven tools for resource identification and boundary management.
Who are the top competitors of KorrAI?
KorrAI's top competitors include Spire, Descartes Labs and Maxar Technologies.
What products or services does KorrAI offer?
KorrAI offers Ground Motion Monitor and Ground Motion Risk Index.
Who are KorrAI's investors?
KorrAI has 3 investors. Key investors include Y Combinator, Venture Grade, and Innovacorp.