Tech Company Financing Transactions
Covalent Funding Round
On 6/26/2024, Covalent received $5 million in funding from RockTree Capital, CMCC Global and Double Peak Group.
Transaction Overview
Company Name
Announced On
6/26/2024
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The firm said it will use its financing to expand into Asia and bolster the adoption of long-term data availability in countries such as China and Singapore.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
Vancouver, BC, Undisclosed
Canada
Vancouver, BC, Undisclosed
Canada
Phone
Undisclosed
Website
Email Address
Overview
Covalent is dedicated to solving the Long-Term Data Availability and the verifiability problem in AI. Covalent is a modular data infrastructure and decentralized network run by node operators in 25 countries. Covalent's largest reservoir of structured, verifiable data augments decentralized training and inference, reducing the likelihood of manipulated, biased AI models.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ganesh Swami
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About Database of VC Transactions
Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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