Insights

Blockchain Adoption Growth Covalent is positioned at the forefront of blockchain infrastructure solutions, facilitating increased adoption of decentralized technologies for enterprises across finance, retail, and identity sectors. This presents a prime opportunity to collaborate with businesses seeking to leverage blockchain for scalable, secure applications.

Recent Strategic Expansions With recent funding of 5 million dollars aimed at expanding operations in Asia, Covalent demonstrates significant growth potential and a willingness to enter emerging markets, making it an attractive partner for regional technology providers and investors looking to tap into the blockchain space.

Innovative Product Launches The launch of the Ethereum Wayback Machine Light Client Testnet highlights Covalent's commitment to safeguarding blockchain data integrity. This innovative approach offers sales opportunities with blockchain projects, exchanges, or organizations requiring secure, immutable data archiving solutions.

Market Presence & Recognition Covalent's visibility through recent media coverage and endorsements from crypto analysts positions it as a reputable provider within the growing AI and blockchain infrastructure markets, enabling targeted outreach to forward-thinking tech companies and crypto projects seeking reliable data solutions.

Growing Revenue & User Base With revenues estimated between 50 million and 100 million dollars and processing hundreds of millions of transactions, Covalent has demonstrated extensive technical capabilities and market traction, offering sales prospects for enterprise clients and platforms seeking scalable blockchain data integration services.

Covalent Tech Stack

Covalent uses 8 technology products and services including Facebook Pixel, Microsoft Clarity, DatoCMS, and more. Explore Covalent's tech stack below.

  • Facebook Pixel
    Analytics
  • Microsoft Clarity
    Analytics
  • DatoCMS
    Content Management System
  • Hugo
    Page Builders
  • HSTS
    Security
  • shadcn/ui
    UI Frameworks
  • YouTube
    Video Players
  • HTTP/3
    Web & Portal Technology

Media & News

Covalent's Email Address Formats

Covalent uses at least 1 format(s):
Covalent Email FormatsExamplePercentage
First@covalenthq.comJohn@covalenthq.com
48%
FirstL@covalenthq.comJohnD@covalenthq.com
2%
Middle@covalenthq.comMichael@covalenthq.com
2%
First@covalenthq.comJohn@covalenthq.com
48%

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 LinkedInCrunchbase.

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 December 2025, Covalent has approximately 51 employees across 6 continents, including North AmericaAsiaAfrica. Key team members include Ceo: G. S.Cfo & Coo: I. A. J.Cto: L. A.. 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 Facebook PixelMicrosoft ClarityDatoCMSHugoHSTSshadcn/uiYouTubeHTTP/3.

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 December 2025, Covalent has raised $15M in funding. The last funding round occurred on May 17, 2021 for $2M.

When was Covalent founded?

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Covalent was founded in 2018.

Covalent

Software DevelopmentBritish Columbia, Canada51-200 Employees

Covalent is a technology company that is solving the huge infrastructure problems inhibiting blockchain adoption. Our solution bridges the entrenched world of centralized databases with the new world of distributed blockchain technologies.

Blockchains provide a new frontier of development for enterprises, consumers and software developers. Due to its decentralized architecture, immutable ledger and highly secure framework, applications of the technology will impact industries ranging from finance and retail to personal identity and cryptocurrency. Covalent's solution will exponentially increase access to and adoption of distributed blockchain technologies for enterprise and consumer use cases.

The first version of Covalent was built in a weekend at a distributed systems hackathon in the fall of 2017. After winning the hackathon, we decided to turn it into a hosted service and start commercialization.

Our team is comprised of industry veterans in database and distributed systems. Covalent is funded by leading venture investors, with over a decade of expertise building and scaling technology companies.

We are hiring for a number of positions. Covalent is small, so everyone will have a huge impact. With only a handful of people we are already processing hundreds of millions of transactions. Open job postings here: https://www.covalenthq.com/about/careers/

Section iconCompany Overview

Stock Symbol
CQTUSD
NAICS Code
5112 - Software Publishers
Founded
2018
Employees
51-200

Section iconFunding & Financials

  • $15M

    Covalent has raised a total of $15M of funding over 3 rounds. Their latest funding round was raised on May 17, 2021 in the amount of $2Mas a strategic funding round.

  • $50M$100M

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

Section iconFunding & Financials

  • $15M

    Covalent has raised a total of $15M of funding over 3 rounds. Their latest funding round was raised on May 17, 2021 in the amount of $2Mas a strategic funding round.

  • $50M$100M

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

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