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Covalent

Covalent

Private
TorontoAI, Data & Cloud Infrastructurehttps://www.covalent.xyz/

Last Round

Strategic

Jun 25, 2024

Est. Valuation

$350M

Total Funding Raised

$20.1M

Company Overview

Covalent is a software company that provides an open-source, Pythonic workflow orchestration platform designed to manage and execute tasks on high-performance and quantum computing resources.

Sector

AI, Data & Cloud Infrastructure

Verticals

Cloud Infrastructure, ML Platforms, Workflow Automation, Quantum Computing, DevOps & Containers

Business Model

B2B

Customer Profile

Usage-Based SaaS, Freemium

AI Layer

Infrastructure

Keywords

workflow orchestrationHPChigh-performance computingserverless computeAI infrastructureML platformquantum computingheterogeneous computingGPU orchestrationcompute engineMLOpsdistributed computingusage-based billingdeveloper toolscompute abstraction

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Covalent Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
StrategicJun 25, 2024
Initial Coin OfferingApr 29, 2021
StrategicMar 24, 2021
SeedOct 7, 2020

Covalent Investors

Notable investors and investment history

Covalent investors
InvestorRounds
Woodstock FundSeed
Alameda ResearchSeed
Moonrock CapitalStrategic
Moonbeam Capital InvestmentsStrategic
Avalanche FoundationStrategic
RockTree CapitalStrategic
CMCC GlobalStrategic

Covalent Filings

SEC and related filings with document metadata.

Data table
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Covalent Filings

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Firmographic Details

HeadquartersToronto
Year Founded2018
Last FundingJun 25, 2024

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