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Coverbase

Coverbase

Private
San Francisco, CaliforniaEnterprise Softwarehttps://www.coverbase.com/

Last Round

Series A

Nov 20, 2025

Total Funding Raised

$20.1M

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Coverbase is an enterprise software company that provides an AI-native procurement and third-party risk management platform designed to automate vendor security reviews and compliance assessments.

Sector

Enterprise Software

Verticals

Compliance & Risk, Workflow Automation, RegTech, Data Governance

Business Model

B2B

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

TPRMthird-party risk managementprocurement automationvendor risk managementvendor riskAI agentsvendor onboardingcompliance automationRegTechcontract lifecycle managementCLMcontinuous monitoringsecurity assessmentAI-nativeGRC softwarevibe coding

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Coverbase Comps

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

Coverbase comps — public and private peers by 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

Data table
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

Coverbase investors
InvestorRounds
Valley VenturesSeed
Founders You Should KnowSeries A, Seed
gener8torAccelerator
Pear VCSeries A, Seed
TTV CapitalSeries A, Seed
Next Level VenturesAccelerator
Fika VenturesSeries A, Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 24, 2026

    Monthly visitors increased 111% MoM.

Coverbase Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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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

HeadquartersSan Francisco, California
Employee Range19
Year Founded2024
Last FundingNov 20, 2025

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