Covalent

🟢 Modular Data Infrastructure for AI

General Information
Company Name
Covalent
Founded Year
2018
Location (Offices)
Canada +1
Founders / Decision Makers
Number of Employees
62
Industries
Blockchain, Fintech, Information Technology
Funding Stage
Secondary Market
Social Media

Covalent - Company Profile

Covalent is a technology company founded in 2018, headquartered in Canada. The firm's slogan "📊 Blockchain data for the New Economy." signifies its mission to provide a single Unified API for fast, scalable historical blockchain data across 150+ protocols. Covalent aims to solve the significant infrastructure problems inhibiting blockchain adoption by bridging the centralized database world with distributed blockchain technologies. With its deep expertise in blockchain, fintech, and information technology, Covalent is well-positioned to have a significant impact on various industries, including finance, retail, personal identity, and cryptocurrency. In addition, Covalent has attracted the attention of prominent venture investors and received a Secondary Market investment from ICONIUM Blockchain Ventures on 03 February 2023. The fact that Covalent has been able to secure funding from such established investors underscores the potential and promise they hold in the market. The company's success can also be attributed to its dedicated team, comprised of industry veterans in database and distributed systems. Covalent's journey began with the initial version of their solution being developed in a weekend at a distributed systems hackathon in the fall of 2017. Since then, the company has made significant progress and is already processing hundreds of millions of transactions with only a handful of team members. Their commitment to expansion is evident through their active hiring initiatives, offering opportunities for individuals to join a dynamic, impact-driven environment. Overall, Covalent's ability to navigate the complex and rapidly evolving blockchain space, along with their strong investor backing, positions them as a compelling and noteworthy player in the industry.

Taxonomy: Distributed Ledger Technology, Database, Ethereum Data, Research, Data, Wallet Balances, API, Technology Company, Venture Investment, Scalability, Decentralized Architecture, Immutable Ledger

Funding Rounds & Investors of Covalent (5)

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Funding Stage Amount No. Investors Investors Date
Secondary Market Unknown 1 03 Feb 2023
Venture Round $2.00M 9 StakeWith.Us 24 Mar 2021
Venture Round $3.10M - 07 Oct 2020
Non Equity Assistance Unknown - 03 Jun 2020
Pre Seed Round Unknown - 02 Mar 2018

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