AI-native procurement orchestration platform. Embed risk management into every supplier decision.
Location: United States
Total raised: $20M
Funding Rounds 1
| Date | Series | Amount | Investors |
| 01.12.2025 | Series A | $20M | Canapi Ven... |
Mentions in press and media 5
| Date | Title | Description |
| 03.12.2025 | Coverbase Secures $20M to Revolutionize AI-Powered Procurement | Coverbase, a security-first AI procurement platform, raised $20M. This includes a $16.5M Series A led by Canapi Ventures. The funds will fuel expansion and platform scaling. The platform embeds risk management into procurement. **Coverbase ... |
| 01.12.2025 | Coverbase: $20 Million Closed To Advance AI-Enabled Procurement Security | Coverbase announced it has raised $20 million in funding as it expands its AI-native procurement and risk management platform. The financing includes a newly closed $16.5 million Series A round led by Canapi Ventures. It follows a prior $3.... |
| 20.11.2025 | Coverbase Raises $20M in Total | Coverbase, a San Francisco, CA-based security-first third-party AI procurement and risk platform provider, closed a Series A financing round. The round was led by Canapi Ventures with participation from both existing and new investors, incl... |
| 20.11.2025 | Coverbase raises $16.5M to expand its AI procurement and risk platform Send us a News Tip EXTRACT THE SIGNAL FROM THE NOISE Cookies | Artificial intelligence procurement and risk platform startup Coverbase Inc. revealed today that it has raised $16.5 million in new funding to fuel expansion into new segment and scale out its risk-aware procurement platform beyond third-pa... |
| - | Coverbase | “Automate vendor risk, contracts, and third-party assessments with Coverbase. Save time, reduce compliance risk, and keep your supply chain secure.” |