Corvex Inc
corvex.aiWhat Do They Do?
Provides GPU-accelerated infrastructure and software for AI workloads to technology companies and enterprises, and has a healthcare business built around a wellness ring designed for women.
10-K for FY2025, filed Mar 31, 2026Our engineering-led, AI computing platform specializes in GPU-accelerated infrastructure for AI workloads. Our mission is to become the…View ↗
Our platform allows organizations to leverage the advantage of AI by providing secure, scalable, and cost-efficient computational…View ↗
AI Factories and GPU Clusters. Our integrated computing and data-center platform is designed to deliver artificial intelligence workloads…View ↗
Technology companies represent a significant portion of our customer base. These organizations utilize our GPU Clusters for training and…View ↗
Our commercial product was the wellness ring (formerly referred to as the Evie Ring) (the “Wellness Ring”), a wearable designed…View ↗
The Wellness Ring combines health and wellness metrics to give a full picture of one’s health, which include resting heart rate, heart rate…View ↗
How Do They Make Money?
For its wellness-ring products, customers pay up front; product sales are counted when delivered, while customer support and unspecified software updates are spread over the product’s estimated life.
10-K for FY2025, filed Mar 31, 2026
$433K
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10-K for FY2025, filed Mar 31, 2026
$433K ↗
Who Are Their Customers?
Technology companies use Corvex’s GPU clusters for training and deploying AI models. Corvex sells directly through account teams and also works with resellers, brokers, technology providers and system integrators.
10-K for FY2025, filed Mar 31, 2026
Do Revenues Turn Into Profits?
No. It lost $18.3M in FY2025.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$12.8MView ↗
- ▲ +296% (Loss)
- vs −$3.2M in Q2 FY2025
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Jul 7, 2026
Seth Demsey appointed co-CEO
Sources
8-K, filed Jul 7, 2026
On July 1, 2026, as previously disclosed and pursuant to the terms of the Merger Agreement, Seth Demsey was appointed co-Chief Executive…View ↗
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Jun 16, 2026
Christopher Chance Moreland appointed CFO
Sources
8-K, filed Jun 16, 2026
ARLINGTON, Va., June 16, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in…View ↗
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Apr 28, 2026
Company replaced RBSM with BDO as auditor
Sources
8-K, filed Apr 28, 2026
On April 27, 2026, in connection with the closing of the previously announced merger between Corvex, Inc. (formerly known as Movano Inc.)…View ↗
Added AI computing infrastructure
The earlier report centered on a women’s wearable and sensor technology under development; the latest report also describes GPU computing infrastructure, data-center services and software for AI workloads.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 31, 2026Movano Inc., dba Movano Health, a Delaware corporation, is developing a platform to deliver purpose-driven healthcare solutions to bring…View ↗
The Company’s initial commercial product in development is the Evie Ring, which is a wearable designed specifically for women. The Evie…View ↗
In addition to the Evie Ring, we are developing the smallest ever patented and proprietary System-on-a-Chip (“SoC”) designed specifically…View ↗
Our engineering-led, AI computing platform specializes in GPU-accelerated infrastructure for AI workloads. Our mission is to become the…View ↗
AI Factories and GPU Clusters. Our integrated computing and data-center platform is designed to deliver artificial intelligence workloads…View ↗
Our technology stack combines high-density GPU Clusters, fast networking, and software to deliver reliable model training and inference at…View ↗
Who Do They Compete With?
Competes with Amazon, Google, Microsoft, CoreWeave, and Nebius Group
10-K for FY2025, filed Mar 31, 2026The market for AI infrastructure and high-performance computing services is highly competitive and characterized by rapid technological…View ↗
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