Coverbase
The product is an automated risk management solution designed to streamline the procurement process by performing evaluations of third-party entities through autonomous assessments and customizable workflows. It utilizes AI for data collection and validation, integrates with security systems, and adheres to compliance standards such as SOC 2 and GDPR.
- Category: Procurement
- Location: San Francisco, California, United States
- Founded: 2023-01-01
- Total funding: 20000000
- Website: https://coverbase.com
Product & Features
- Manages your third-party risk program end-to-end using AI and experts.
- Leverages AI for efficiency, confirmed by human experts for accuracy.
- Offers predictable, outcome-based pricing, eliminating hourly billing for services.
- Handles vendor intake, assessments, evidence review, and remediation follow-up.
- Provides continuous monitoring of vendor security, financial, and compliance signals.
- Customizes reviews against your specific control library and risk appetite.
- Generates transparent, defensible reports for auditors and examiners.
Notable Customers
- Crowe LLP
Founders & Team
- Zi Chong Kao — Co-Founder & CTO
Funding Rounds
- Series A — $16.5M (2025-12)
Recent News
- Coverbase Raises $20M To Bring AI-Enabled Security To the Forefront of Procurement | Coverbase (2025-11)
Investors
Integration partners
Similar Companies
Frequently Asked Questions
What is Coverbase?
The product is an automated risk management solution designed to streamline the procurement process by performing evaluations of third-party entities through autonomous assessments and customizable workflows. It utilizes AI for data collection and validation, integrates with security systems, and…
What does Coverbase do?
Manages your third-party risk program end-to-end using AI and experts. Leverages AI for efficiency, confirmed by human experts for accuracy. Offers predictable, outcome-based pricing, eliminating hourly billing for services.
Who are Coverbase's customers?
Coverbase's customers include Crowe LLP.
Who founded Coverbase?
Coverbase was founded by Zi Chong Kao.
How much funding has Coverbase raised?
Coverbase has raised 20000000 across 1 funding round.
Who are Coverbase's investors?
Coverbase's investors include Canapi Ventures.