Covalent
Modular Infrastructure for AI & Agents
Vancouver, Canada · Founded 2018 · $5.0M raised
- Headquarters
- Vancouver
- Employees
- 11–50
- Founded
- 2018
- Business Model
- B2B
- Website
- covalenthq.com
- 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.
Summary
Covalent is a Crypto & Web3 company based in Vancouver, Canada, founded in 2018. It has raised $5.0M in total across 3 rounds, most recently a $5.0M Venture Round round in Jun 2024.
Tech & App Stack
5 technologies & apps tracked
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Funding History
Jun 2024
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Seed through Venture Round — per-round amounts, valuations, and who invested in each round.
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