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Coverbase announced it raised $16.3 Million in an initial filing from an offering of $16.3 Million

PRIVATEAug 10, 2026•about 2 hours ago

Amount Raised

$16.3 Million

Round Type

Venture - Series Unknown

San FranciscoSoftwareSecuritySaas

Company Information

Company

Coverbase

Location

San Francisco, California, United States

About

Coverbase is an AI-enabled security-first procurement and risk platform that reduces procurement workloads by 90%. Founded in 2024, it streamlines the procurement lifecycle, enhancing vendor sourcing, intake, contract management, and purchase order creation. The platform addresses the increasing risks associated with third-party breaches by automating compliance tasks. With a mission to transform traditional procurement practices, Coverbase helps organizations mitigate risks and accelerate technology adoption.

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