KorrAI

The company's inception was sparked by Anand's background in computer engineering and analytics consulting, coupled with McEwan's expertise in earth sciences and remote sensing. Anand, a serial entrepreneur, identified an opportunity to apply data science to challenges within the natural resources industry, which was accelerating its digital adoption. The founding team's combined skillset was a key factor in gaining early traction and acceptance into the prestigious Y Combinator accelerator in the winter of 2022. KorrAI has since secured approximately $1.6 million in pre-seed funding from investors including Y Combinator, ParticleX, and Sustainable Development Technology Canada, supplemented by non-dilutive funds from the Canadian Space Agency and other governmental bodies.

KorrAI's core business involves providing a platform that interprets satellite radar (InSAR) imagery, along with other geospatial data, to detect and predict ground movement with millimeter-level precision. This service is critical for industries where ground subsidence, landslides, and other forms of instability pose significant financial and safety risks. The company serves a global clientele, including major property insurers and infrastructure operators, by delivering actionable insights for proactive risk management. Its business model appears to be subscription-based, offering access to its data analysis platforms and customized solutions.

At the heart of KorrAI's offering are its proprietary data pipelines, UrbanSAR and GlobalSAR, which process vast amounts of satellite data to monitor ground motion. The platform integrates this data with on-ground IoT sensors and corner reflectors to enhance accuracy and reliability. A key feature is the AI-powered alert system that notifies clients of anomalies based on customizable criteria. In 2023, the company launched the Open Ground Motion Service (OGMS), a freely accessible platform designed to demonstrate its technology's potential and uncover new use cases in urban planning and real estate investment. This hybrid approach, combining a free service with enterprise-grade solutions, allows the company to engage a broader market while serving high-value clients with tailored risk assessments.