Covalent

About The Fund

Covalent is an innovative investment fund specializing in Seed and Series A financing rounds within the Software industry, with a particular focus on Web Marketplaces, SaaS, and other technology-driven sectors. Their investment thesis centers around the development and deployment of artificial intelligence, evidenced by products such as the AI Agent SDK on Github, which enables the launch of autonomous agents using Chain-of-Thought (CoT) models. These agents are powered by Covalent's extensive database which contains billions of rows of structured, verifiable data. Covalent prides itself on fostering an ecosystem where these AI agents work in collaboration to accomplish complex tasks, thereby augmenting human capabilities in strategy and creativity while ensuring ethical considerations are met. They are dedicated to the concept of the Future of Work through Zero-Employee Enterprises (ZEEs), which are AI-driven, crypto-native businesses that utilize Covalent's data infrastructure for efficient and transparent operations. These organizations capitalize on the reduced inefficiencies and dynamic scalability that autonomous agents offer. The AI Agent SDK v0.2.0 is a testament to Covalent's commitment to interoperability and advanced reasoning capabilities, crucial for the seamless operations and growth of ZEEs. Covalent supports onchain data for over 100 blockchains, including prominent ones such as Ethereum, Binance Smart Chain, Polygon, Base, and Avalanche. Their comprehensive blockchain data solutions and infrastructure have earned the trust of many leading companies and are backed by top-tier investors and renowned global partners. Moreover, Covalent is preparing to launch an AI Agents Marketplace, which will serve as a platform to release these autonomous agents to the public. Their revolutionary approach is predicated on utilizing structured, actionable data to empower autonomous organizations and contribute significantly to the shaping of a decentralized future.