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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.
Social
Instagram
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
Employee Count
23 as on Mar 31, 2026
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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
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KorrAI's founders and board of directors

Founder? Claim Profile
The founders of KorrAI is Rahul Anand. Rahul Anand is the CEO of KorrAI.
Here are the details of KorrAI's key team members:

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

KorrAI's employee count trend

KorrAI has 23 employees as of Mar 26. Here is KorrAI's employee count trend over the years:
Employee count trend for KorrAI
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Descartes Labs
Descartes Labs
2014, Santa Fe (United States), Acquired
Provider of Earth satellite imagery solutions
$58.4M
63/100
2nd
Logo for Maxar Technologies
Maxar Technologies
1969, Westminster (United States), Public
Provider of AI and cloud-based satellite imaging services
-
-
59/100
3rd
Logo for Geologicai
Geologicai
2013, Calgary (Canada), Series B
Online geological analytics platform for the mining industry
$100M
58/100
4th
Logo for VRIFY
VRIFY
2017, Vancouver (Canada), Series B
Provider of an AI-assisted platform for mineral exploration data analysis
$20.9M
56/100
5th
Logo for Albedo
Albedo
2020, Austin (United States), Series A
Provider of a cloud and satellite-based imaging and mapping platform
$97M
56/100
6th
Logo for Satim
Satim
2012, Burlingame (United States), Series A
Provider of geographic information systems services
$2.98M
55/100
7th
Logo for Comstock
Comstock
2003, Storey County (United States), Public
Provider of waste management and commercial decarbonization solutions
-
54/100
8th
Logo for FloodMapp
FloodMapp
2016, Brisbane (Australia), Series A
Online real time flood data and forecasting solutions
$9.89M
53/100
9th
Logo for Tenchijin
Tenchijin
2019, Minato City (Japan), Series B
Provider of satellite-based image data and analytic solutions
$6.45M
53/100
10th
Logo for Little Place Labs
Little Place Labs
2022, Oxford (United Kingdom), Seed
Developer of edge computing software for processing satellite data in space
$20K
51/100
12th
Logo for KorrAI
KorrAI
2020, Halifax (Canada), Seed
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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