KorrAI - About the company
KorrAI is a seed company based in Halifax (Canada), founded in 2020 by Rahul Anand. It operates as an AI-based mining exploration and geofencing solution. KorrAI has raised $562K in funding from investors like Y Combinator, Innovacorp and Venture Grade. The company has 155 active competitors, including 22 funded and 12 that have exited. Its top competitors include companies like Descartes Labs, Maxar Technologies and Geologicai.
Company Details
AI-based mining exploration and geofencing solution. It provides a platform to interpret air and lidar imagery to generate contextual insights. It also provides access to subscription-based pre trained footprint features & builds customized quick learner solutions.
- Website
- www.korrai.com/
- Registered Address
- 2526 Agricola Street, Suite 4, Halifax
Key Metrics
Founded Year
2020
Location
Halifax, Canada
Stage
Seed
Total Funding
$562K in 3 rounds
Latest Funding Round
Investors
Ranked
12th among 155 active competitors
Employee Count
23 as on Mar 31, 2026
Similar Companies
Legal entities associated with KorrAI
KorrAI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Korrai Technologies Ltd. CIN: 12134446 , Canada, Active | Jun 16, 2020 | - | - | - |
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KorrAI's funding and investors
KorrAI has raised a total funding of $562K over 3 rounds. Its first funding round was on Sep 30, 2020. Its latest funding round was a Seed round on Mar 30, 2022 for $*****. 1 investor participated in its latest round. KorrAI has 6 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of KorrAI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 30, 2022 | 5187411 | Seed | 9802412 | 1778494 | 6310080 | 7459466 |
Nov 23, 2021 | 7016689 | Seed | 3712509 | 1201032 | 9014614 | 2165786 |
Sep 30, 2020 | 8413988 | Seed | 6347279 | 8598008 | 4559453 |
View details of KorrAI's funding rounds and investors
KorrAI's founders and board of directors
Founder? Claim ProfileThe founders of KorrAI is Rahul Anand. Rahul Anand is the CEO of KorrAI.
Here are the details of KorrAI's key team members:
- Rahul Anand: Co-Founder & CEO of KorrAI and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
KorrAI's Board of Directors
KorrAI's board has 2 active members. Rahul Anand and Robert Mcewan are independent board members.Here is the list of KorrAI's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 5y 7m | |
lkysksa | Independent board member | - | Current | 3y 2m |
View details of KorrAI's Founder profiles and Board Members
KorrAI's employee count trend
KorrAI has 23 employees as of Mar 26. Here is KorrAI's employee count trend over the years:
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KorrAI's Competitors and alternates
Top competitors of KorrAI include Descartes Labs, Maxar Technologies and Geologicai. Here is the list of Top 10 competitors of KorrAI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Descartes Labs 2014, Santa Fe (United States), Acquired | Provider of Earth satellite imagery solutions | $58.4M | 63/100 | |
2nd | Maxar Technologies 1969, Westminster (United States), Public | Provider of AI and cloud-based satellite imaging services | - | - | 59/100 |
3rd | Geologicai 2013, Calgary (Canada), Series B | Online geological analytics platform for the mining industry | $100M | 58/100 | |
4th | Provider of an AI-assisted platform for mineral exploration data analysis | $20.9M | 56/100 | ||
5th | Albedo 2020, Austin (United States), Series A | Provider of a cloud and satellite-based imaging and mapping platform | $97M | 56/100 | |
6th | Satim 2012, Burlingame (United States), Series A | Provider of geographic information systems services | $2.98M | 55/100 | |
7th | Comstock 2003, Storey County (United States), Public | Provider of waste management and commercial decarbonization solutions | - | 54/100 | |
8th | Online real time flood data and forecasting solutions | $9.89M | 53/100 | ||
9th | Provider of satellite-based image data and analytic solutions | $6.45M | 53/100 | ||
10th | Little Place Labs 2022, Oxford (United Kingdom), Seed | Developer of edge computing software for processing satellite data in space | $20K | 51/100 | |
12th | AI-based mining exploration and geofencing solution | $562K | 50/100 |
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KorrAI's Investments and acquisitions
KorrAI has made no investments or acquisitions yet.
Reports related to KorrAI
Here is the latest report on KorrAI's sector:
News related to KorrAI
Media has covered KorrAI for a total of 3 events in the last 1 year, 2 of them have been about partnerships and 1 about company updates.
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Aventis Energy Starts KorrAI Program at Corvo Uranium Project and Provides Corporate UpdateFinancial Post•Aug 01, 2025•Aventisenergy, KorrAI
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Aventis Energy Announces KorrAI Technology Program at the Corvo Uranium ProjectGlobeNewswire•Jul 16, 2025•Aventisenergy, KorrAI
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Aventis Energy Partners with KorrAI for AI-Powered Uranium ExplorationGlobeNewswire•Jul 10, 2025•Aventisenergy, KorrAI
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Greenridge Exploration Announces Partnership with KorrAI TechnologiesFinancial Post•Mar 20, 2024•Greenridge Exploration, KorrAI
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Lancaster Resources and KorrAI Join Forces to RevolutionizeInvesting News•Feb 07, 2024•Lancaster Resources, KorrAI
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