Covalent

Modular Infrastructure for AI & Agents

Headquarters
Vancouver
Employees
11–50
Founded
2018
Business Model
B2B
Total Funding
$5.0M
Last Round
$5.0M Venture RoundJun 2024
Rounds
3

About

Covalent is a modular blockchain data infrastructure company providing a unified API layer that gives developers and enterprises transparent, structured access to on-chain data across 100+ blockchain networks including Ethereum, BNB Chain, Polygon, Arbitrum, Base, and more. Founded in 2018 in Vancouver, Covalent addresses the long-term data availability and verifiability problem in AI and Web3, indexing billions of rows of structured blockchain data. The platform supports use cases including DeFi optimization, fraud detection, compliance automation, and powering autonomous AI agents via Chain-of-Thought models. The Covalent Network is progressively decentralizing toward community ownership, with the native CXT token used for staking and governance.

Tech & App Stack

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Funding History

Venture UnknownVenture RoundJun 2024
$5.0M

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