Covalent provides a modular data infrastructure that enables decentralized access to on-chain data across over 200 blockchains, addressing the challenges of long-term data availability and verifiability in AI applications. Its GoldRush API and Increment analytics tools facilitate structured data retrieval and SQL-based analysis, enhancing the reliability of AI model training and inference.
Funding
$12.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
AI applications require reliable, verifiable on-chain data, but accessing and structuring this data across numerous blockchains presents significant challenges related to long-term data availability and consistency. Relying on centralized data sources introduces risks of manipulation and bias, undermining the integrity of AI model training and inference.
Solution
Covalent provides a modular data infrastructure designed to ensure decentralized access to verifiable on-chain data across over 200 blockchains. The GoldRush API offers structured data retrieval through SDKs, APIs, UI Kits, and decoders, while Increment delivers SQL-based analytics for comprehensive historical data analysis. By providing unfettered access to on-chain data, Covalent reduces reliance on centralized sources, mitigating the risk of biased AI models and enhancing the reliability of decentralized training and inference processes.
Target Audience
Covalent targets AI developers and Web3 product teams who require reliable, verifiable on-chain data for training and deploying decentralized AI applications.
Features
- GoldRush API for simplified Web3 development across 200+ blockchains
- Increment analytics tool for querying and visualizing complete historical datasets
- Support for over 200 blockchains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche
- Decentralized data access, eliminating reliance on centralized sources
- Ethereum Wayback Machine for long-term data availability
- EWM Light Client for spot auditing data validity