Where is Coverbase located?

Coverbase is headquartered in San Francisco, United States.

Who is the current CEO of Coverbase?

Clarence Chio of Coverbase. They have also founded 1 company.

Is Coverbase a funded company?

Coverbase is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Coverbase?

Coverbase's latest funding was a $***** Series A round on Nov 20, 2025, with participation from 6 investors. Its primary sector is Cybersecurity. In United States, the Cybersecurity sector has seen $5.43B in funding in 2026 to date.

Where does Coverbase rank among its competitors?

Coverbase ranks 56th amongst 770 active competitors, of which 139 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Mitigata, which secured $15M in Jun, 2026.

Who are the top competitors of Coverbase?

Coverbase's top competitors include GardaWorld, CloudCheckr and CloudSEK. Among them, Mitigata secured the most recent funding round in June, 2026.

Coverbase - 2026 Company Profile, Team, Funding & Competitors

Coverbase is a series A company based in San Francisco (United States), founded in 2022 by Clarence Chio and Zi Chong Kao. It operates as a Provider of cyber risk and vulnerability assessment solutions. Coverbase has raised $20M in funding from Canapi Ventures. The company has 770 active competitors, including 139 funded and 86 that have exited. Its top competitors include companies like GardaWorld, CloudCheckr and CloudSEK.

Company Details

Provider of cyber risk and vulnerability assessment solutions. It offers an AI-driven systems that helps companies assess the risk of working with other businesses.

Key Metrics

Founded Year

2022

Location

San Francisco, United States

Stage

Series A

Total Funding

$20M in 2 rounds

Latest Funding Round

Series A, Nov 20, 2025, $*****

Investors

Canapi Ventures & 6 more

Ranked

56^th among 770 active competitors

Similar Companies

GardaWorld & 887 more

View Coverbase's full profile

Coverbase has raised a total funding of $20M over 2 rounds. Its latest funding round was a Series A round on Nov 20, 2025 for $*****. 6 investors participated in its latest round. Coverbase has 7 institutional investors.

Here is the list of recent funding rounds of Coverbase:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 20, 2025	8317601	Series A	3748951	6248988	2502431	3703929

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View details of Coverbase's funding rounds and investors

The founders of Coverbase are Clarence Chio and Zi Chong Kao. Clarence Chio is the CEO of Coverbase.

Here are the details of Coverbase's key team members:

Clarence Chio: Co-Founder & CEO of Coverbase.
Contact Info: 1 email address
Zi Chong Kao: Co-Founder of Coverbase.
Contact Info: 1 email address

View details of Coverbase's Founder profiles and Board Members

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Top competitors of Coverbase include GardaWorld, CloudCheckr and CloudSEK. Here is the list of Top 10 competitors of Coverbase, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GardaWorld 1995, Montreal (Canada), Acquired	Provider of security personnel, risk management, and security service solutions	-	Apax, Rhone Group & 10 others	71/100
2nd	CloudCheckr 2011, Rochester (United States), Acquired	Cloud-based solutions for vulnerability assessment & cloud maanagement	$67.4M	Level Equity, Garrison Capital & 4 others	67/100
3rd	CloudSEK 2015, Singapore (Singapore), Series B	Provider of predictive attack path intelligence and digital risk monitoring	$42.7M	MassMutual Ventures, Exfinity Venture Partners ... & 18 others	67/100
4th	Mitigata 2021, Bengaluru (India), Series B	Provider of cyber insurance products and digital security monitoring services	$22.1M	Nexus Venture Partners, Bessemer Venture Partners ... & 28 others	67/100
5th	Vicarius 2016, Tel Aviv (Israel), Series B	Proxy based isolation for malware attack prevention on the endpoints	$59.1M	JVP, AllegisCyber Capital & 8 others	66/100
6th	Axio Global 2016, New York City (United States), Acquired	Provider of cyber risk management, mitigation, and insurance solutions	$30M	NFP Venture, IA Capital Group & 5 others	66/100
7th	Bull SAS 1931, Les Clayes sous Bois (France), Acquired	Provider of AI-enabled cybersecurity, quantum computing, and mission-critical systems solutions	-	Global Emerging Markets, Europa	65/100
8th	Coalfire 2001, Westminster (United States), Acquired	Cybersecurity and compliance services provider, securing organizations in regulated industries	$12.9M	Baird Capital, Chertoff Group & 1 others	65/100
9th	Ontic 2017, Austin (United States), Series C	Provider of security management software unifying data and streamlining security operations	$287M	Silverton Partners, Felicis Ventures & 6 others	64/100
10th	Opaque 2019, Berkeley (United States), Series B	Cloud and AI based analytics for encrypted cloud data	$55.5M	Walden Catalyst, Intel Capital & 10 others	64/100
56th	Coverbase 2022, San Francisco (United States), Series A	Provider of cyber risk and vulnerability assessment solutions	$20M	Canapi Ventures, TTV Capital & 5 others	52/100