Coverbase

Coverbase

Private
United StatesCybersecurityhttps://www.coverbase.com/

Last Round

Series A

Nov 20, 2025

Total Funding Raised

$16.6M

Momentum Score

50 /100

Company Overview

Coverbase is an AI-powered software company that provides a platform for automating vendor management and third-party risk assessments. The software is designed to streamline vendor security reviews, compliance, and due diligence by processing documents like SOC 2 reports and security policies. The company's mission is to help businesses, particularly those in regulated industries like finance and insurance, to securely and reliably work with partners by reducing the manual effort involved in business-to-business assessments. Its investors include Plug and Play Tech Center, gener8tor, and Next Level Ventures.

Sector

Cybersecurity

Verticals

Compliance & Risk, Workflow Automation, RegTech

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

third-party risk managementTPRMvendor risk assessmentdue diligence automationTPRM copilotAI risk assessmentcompliance automationGRC platformsecurity questionnaire automationRegTechcontinuous monitoringAI copilotsupplier risk managementSOC 2 analysisworkflow automationSSO integration

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Coverbase Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Coverbase Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series ANov 20, 2025
AcceleratorOct 1, 2024

Key People

Founding team and executive leadership

Clarence Chio

Cofounder CEO

Founding Team

Coverbase Investors

Notable investors and investment history

InvestorRounds
Curql FundAccelerator
gener8torAccelerator
Pear VCSeries A
TTV CapitalSeries A
Next Level VenturesAccelerator
Fika VenturesSeries A
Canapi VenturesSeries A

Coverbase Filings

SEC and related filings with document metadata.

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Coverbase Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Coverbase's valuation, stock price, and market status.

Firmographic Details

HeadquartersUnited States
Employee Range20
Year Founded2022
Last FundingNov 20, 2025

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.