Covalent

Covalent is a pioneering technology company addressing critical infrastructure challenges that hinder blockchain adoption. By merging centralized databases with burgeoning blockchain technologies, Covalent is poised to transform sectors such as finance, retail, and personal identity. The company's flagship solution stands out by providing verifiable, sub-second data from over 100 networks, marking it as the fastest way to build and launch on-chain, supported by its own cryptocurrency, $CXT.

Founded in 2018 and headquartered in Canada, the idea for Covalent originated from a distributed systems hackathon in 2017. The team comprises seasoned veterans in database and distributed systems technology, with backing from top venture investors. Recently, it attracted a secondary market investment from ICONIUM Blockchain Ventures on 03 February 2023.

As the company scales up, its hiring strategy aims to maintain an environment where a small team can make substantial impacts, processing hundreds of millions of transactions already. Covalent, by bridging legacy systems with innovative blockchain solutions, is well-positioned for industry-wide expansion.