Insights

Enterprise blockchain adoption Covalent focuses on solving infrastructure barriers to blockchain adoption for enterprises, presenting a sales opportunity to offer scalable data infrastructure and unified APIs that bridge centralized databases with distributed ledger technology.

High transaction scale With a small team handling hundreds of millions of transactions, Covalent demonstrates capability in processing high-volume data workloads, suitable for selling robust data ingestion, indexing, and analytics solutions to mid to large enterprises and rapidly growing blockchain projects.

Strategic funding momentum Recent funding and a planned expansion in Asia indicate growth ambitions and buyer interest in Covalent’s data infrastructure; this creates openings for partnerships, channel programs, and co-marketing to accelerate market penetration.

EWM data integrity The launch of the Ethereum Wayback Machine Light Client Testnet highlights a focus on data availability and integrity, offering a compelling value proposition to customers needing verifiable historical blockchain data and resilient archival services.

AI and data tooling As Covalent positions itself as a modular data infrastructure for AI, there is a sales opportunity to bundle data access, enrichment, and analytics capabilities for AI workloads, machine learning pipelines, and enterprise analytics platforms.

Similar companies to Covalent

Covalent Tech Stack

Covalent uses 8 technology products and services including Twitter Ads, Linkedin Insight Tag, Microsoft Clarity, and more. Explore Covalent's tech stack below.

Media & News

Covalent's Email Address Formats

Covalent uses at least 3 email formats:
Covalent Email FormatsExamplePercentage
First@covalenthq.comJohn@covalenthq.com
93%
FirstL@covalenthq.comJohnD@covalenthq.com
4%
Middle@covalenthq.comMichael@covalenthq.com
3%

Frequently Asked Questions

What is Covalent's stock symbol?

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Covalent is a publicly traded company; the company's stock symbol is CQTUSD.

What is Covalent's official website and social media links?

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Covalent's official website is covalenthq.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Covalent generate?

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As of October 2026, Covalent's annual revenue is estimated to be $50M - $100M.

What is Covalent's NAICS code?

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Covalent's NAICS code is 5112 - Software Publishers.

How many employees does Covalent have currently?

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As of October 2026, Covalent has approximately 43 employees across 6 continents, including Asia, North America and Africa. Key team members include Ceo: G. S., Cto: L. A. and Chief Of Growth: A. K. K. Explore Covalent's employee directory with LeadIQ.

What industry does Covalent belong to?

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Covalent operates in the Software Development industry.

What technology does Covalent use?

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Covalent's tech stack includes Twitter Ads, Linkedin Insight Tag, Microsoft Clarity, Apache Kafka, Osano, Google Workspace, Google Cloud and Vercel.

What is Covalent's email format?

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Covalent's email format typically follows the pattern of First@covalenthq.com. Find more Covalent email formats with LeadIQ.

How much funding has Covalent raised to date?

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As of October 2026, Covalent has raised $8.7M in funding. The last funding round occurred on Jul 26, 2024 for $3.6M.

When was Covalent founded?

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Covalent was founded in 2018.
Covalent logo

Covalent

Software DevelopmentBritish Columbia, Canada11-50 Employees

Covalent is a software development company based in Vancouver, British Columbia, focused on blockchain infrastructure. It aims to bridge centralized databases with distributed blockchain technologies to lower adoption barriers for enterprises and developers. The company provides scalable access to blockchain data for enterprises, developers, and consumer-oriented applications. The first version of Covalent emerged from a fall 2017 hackathon and was later turned into a hosted service.

Its market includes enterprises, developers, and consumer apps that require reliable access to blockchain data within the broader software ecosystem. In September 2024 Covalent announced the launch of the Ethereum Wayback Machine Light Client Testnet to safeguard Ethereum's historical data.

Section iconCompany Overview

Stock Symbol
CQTUSD
NAICS Code
5112 - Software Publishers
Founded
2018
Employees
11-50

Section iconFunding & Financials

  • $8.7M

    Covalent has raised a total of $8.7M of funding over 6 rounds. Their latest funding round was raised on Jul 26, 2024 in the amount of $3.6M as a Venture Round.

  • $50M - $100M

    Covalent's revenue is estimated to be in the range of $50M - $100M

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