CorasWorks

CorasWorks develops advanced analytics and strategic planning solutions aimed at enhancing operational efficiency for the defense sector, particularly optimizing the U. S. Navy's Science and Technology portfolio. CorasWorks specializes in providing software solutions to the defense sector.

The company was acquired by HumanTouch in August 2014. It is headquartered in Reston, US. The founder's history and previous ventures are not specified. The most recent funding was a Series B round in which CorasWorks raised USD 0.

50 mn, bringing the total amount raised to USD 0. 50 mn with a current valuation of USD 10. 54 mn. The company has been involved in a total of 6 deals, primarily focusing on strategic partnerships within the defense industry.

CORAS specializes in advanced analytics and strategic planning solutions tailored for the defense sector, particularly focusing on optimizing the U. S. Navy's Science and Technology (S&T) portfolio, which encompasses approximately 10,000 projects valued at USD 35 billion. Their core product offerings include the Strategic Portfolio Rendering Tool, enhancing transparency and management of the S&T lifecycle, and a predictive analytics solution developed with PMA-299 to improve aircraft readiness and fleet sustainment.

Additionally, CORAS is developing a next-generation AI portfolio management system for AI NIF, aimed at streamlining the tracking, budgeting, and deployment of AI-enabled capabilities. Their clients primarily include various U. S. Department of Defense entities, such as OPNAV N94 and NAVSEA, as well as the Defense Innovation Unit (DIU).

These products are integrated into defense operations across the United States, with potential applications extending into international defense collaborations. CORAS operates on a B2B transaction model, primarily engaging with government agencies and defense contractors. The company’s revenue streams are generated from subscription-based services and partnerships, providing tailored solutions enabling real-time financial visibility and analytics. Services such as automated budget management and predictive forecasting facilitate efficient resource allocation and strategic decision-making for clients like DIU.

The transaction structure typically involves contracted agreements for deploying their software solutions, designed to integrate seamlessly into existing workflows. Specific pricing plans for their flagship products are not disclosed, but the nature of these engagements emphasizes high-value contracts aligned with the strategic needs of defense agencies. CorasWorks is focused on developing new products, including a next-generation AI portfolio management system. The company plans to expand into international defense markets, leveraging its existing products and expertise.

The recent Series B funding, raised in August 2014, will support these initiatives and enhance product offerings, although specific geographic regions targeted for expansion have not been disclosed.