Founded in 2024, Coverbase delivers the industry's only AI-native procurement platform that empowers Fortune 500s, banks, and security-first organizations to embed risk management into every supplier decision. By transforming procurement from an operational burden into a strategic advantage, Coverbase customers are achieving a 90-92% reduction in procurement workloads - saving an estimated $180 million in man-hours - and dramatically accelerating the adoption of new technologies.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 11/20/25 | $20,000,000 | Series A |
Canapi Ventures Fika Ventures Founders You Should Know Pear Ventures Silicon Valley Bank TTV Capital | undisclosed |
