VANCOUVER, May 10th, 2021 - Covalent, an indexing/querying blockchain data provider, has closed $10 million in funding from a CoinList Public Sale. The new funding will bring the Covalent Query Token, CQT, to the public for the first time as Covalent continues to move toward a community-led project.

Blockchain technologies can change the world. However, despite the proliferation of digital assets on the blockchain, granular and historical blockchain data is almost impossible to access. It is time-consuming and computationally intensive. If blockchain-based products are to become attractive to mainstream users, the builders should be able to analyze blockchain data without having to invest considerable resources in trying to make sense of highly unstructured and unstandardized data.

When I took a walk with Ganesh in Robert Burnaby Park in February, my intention was to catch up with a friend and fellow tech entrepreneur. Little did I know that it would lead to me joining Covalent, the rocketship blockchain data analytics company that Ganesh, Levi, and the rockstar team they have assembled are building just a few weeks later.

I met Ganesh through a mutual friend at SFU. Back then, we were just dreamers and wide eyed undergrads. Learning and absorbing everything going on around us. Fast forward a few years, I was working with Blast Radius and Ganesh was trying his hand at social games. One Friday, a few of us met up for beers and that’s when I handed my old business card to Ganesh. Those days he was renting a desk at A Thinking Ape’s office. Later that same business card got me a job with A Thinking Ape and we found ourselves working in the same office. Over the next 2 years I saw Ganesh work hard and stay relentless.

Covalent is at the forefront of changing the traditional ways we look at, define, and access big data. They’re providing the industry what it truly needs - a true representation of what transparency looks like.

Three years ago, Covalent did not exist. Despite a challenging 2020 for everyone, Covalent and the entire crypto space has thrived. Covalent has scaled from a small project with two passionate founders to a project with global ambitions. Here’s a letter I shared with our stakeholders highlighting the key moments that defined Covalent over the last twelve months.

VANCOUVER, December 3rd, 2020 – Fresh off of their oversubscribed funding round of $3.1m from top-tier cryptocurrency investment firms, Covalent, a leading blockchain data analytics provider, is acquiring Byzantine Labs, a blockchain startup incubator and consultancy based in Vancouver, BC for an undisclosed amount. The Byzantine Labs team will be joining Covalent’s product and engineering departments. Click below for the full press release.

“I think in a few years, you will be another Snowflake…”

“I don’t think the market is big enough for your company…”

That’s what I told Ganesh Swami when we met in a coffee shop back in August 2018 after hearing about Covalent for the first time.

“Maybe it isn’t, but it will be…” was Ganesh’s response.