About Cove.tool
Cove.tool is a Real Estate & Construction company based in Atlanta (United States) founded in 2017. AI and web-based platform for AEC building design is utilized. It operates in the Real Estate & Construction and Media & Entertainment sectors. Cove.tool has raised $41.72 million across 6 funding rounds from investors including Techstars, Knoll Ventures and Coatue. The company has 62 employees. Cove.tool offers products and services including Cove Architecture, Cove Sustainability, and Vitras.ai. Its focus areas include Real Estate and Construction Tech, Construction Tech, Design Tools and BIM and 3D Modelling. Its legal entity is COVETOOL INC. Its competitors include Bezi and IronCAD; 1 of its 2 listed competitors has raised funding.
Company details
Cove.tool was established in 2017 in Atlanta, United States, within the architecture, engineering, and construction sector. An AI-driven web platform is operated to support building design processes. Services encompass design and energy analysis, time and cost management, carbon emission tracking, automated reporting, and project oversight. Operations focus on streamlining workflows for AEC professionals across various project stages.
- Headquarters Atlanta, United States
- Employees 62
- SectorsReal Estate & ConstructionMedia & Entertainment
- Email••••••••
- Phone•••• ••••
- Website cove.tools
- Social LinkedIn X Facebook Instagram
- Legal Name Covetool Inc
- Total Equity Funding$41.72M (USD)
in 6 rounds
- Latest Funding Round$30M (USD), Series B
Dec 2021
- InvestorsTechstars
& 8 more
- Employee Count62
Products & Services of Cove.tool
Cove.tool offers a comprehensive portfolio of products and services, including Cove Architecture, Cove Sustainability, and Vitras.ai.
AI-driven tool for optimizing architecture efficiency and performance.
Provides analysis for energy modeling and compliance requirements.
Automates report generation and planning tasks for architects.
Funding Insights of Cove.tool
Cove.tool has successfully raised a total of $41.72M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41.72M
- Total Rounds 6
- Last Round Series B — $30M
- First Round $120,000
(Jan 2017)
- Investors Count 9
All 6 funding rounds of Cove.tool with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $30M | Series B | – | Coatue | |
| Feb 2021 | $5M | Seed | – | – | |
| Oct 2020 | $5.7M | Series A | – | Mucker | |
| Jun 2019 | $150,000 | Seed | – | URBAN-X | – |
| Nov 2018 | $750,000 | Seed | – | TechSquare Labs, Knoll Ventures | |
| Jan 2017 | $120,000 | Seed | – | – |
9 investors in total: 9 institutional.
Investors in Cove.tool
Cove.tool has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Techstars, Knoll Ventures and Coatue.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of an investment platform for various stages | coatue.com | New York, United States | ||
Venture capital is invested in media sectors by the firm. | footprintcoalition.com | Los Angeles, United States | ||
Accelerator and venture capital firm | mucker.com | Santa Monica, United States | ||
Early-stage investments are made in US companies across various sectors. | 2014 | knollventures.com | Atlanta, United States | |
Third Sphere is focused on supporting startup founders with early stage capital to reshape global systems. | 2013 | thirdsphere.com | ||
US-focused incubation and early-stage VC investments are provided. | techsquare.co | Atlanta, United States | ||
| urban-x.com | ||||
Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors | susaventures.com | San Francisco, United States | ||
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States |
Investor details for Cove.tool
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Cove.tool
14 people are tracked at Cove.tool (6 in leadership, 8 in team); the tracked headcount is 62.
| Name | Role | Group |
|---|---|---|
Pete Eisen | Head Of Growth And Partnerships | Leadership |
Ed Akins II, AIA | Director Of AEC Strategic Growth | Leadership |
Krystl Black | Senior Vice President, Marketing And Strategic Communications | Leadership |
Patrick Chopson | Co-founder, Chief Product Officer | Leadership |
Sandeep Ahuja | CEO | Leadership |
Lauren White | Director Of People Operations | Leadership |
Shawn Johnson | Enterprise Account Executive | Team |
Maria Josephine Gunawan | BIM Specialist | Team |
Natalie Schwerdfeger | Digital Marketing Specialist | Team |
Annika Kraft | Senior Marketing Content Manager | Team |
David Malvicini | Business Development Consultant | Team |
Daniel Joseph Gunawan | Data Research & Data Mining | Team |
Sofya Gneusheva | Brand Designer | Team |
Bhumi Gupta | Content Writer | Team |
Complete people profiles for Cove.tool
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Cove.tool
3 dated milestones of Cove.tool across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Cove.tool is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Series B, of $30.0M.
Competitors of Cove.tool
Cove.tool has 2 listed competitors in our database, 1 of them funded. They include Bezi and IronCAD.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bezi.com | 2021 | San Francisco, United States | $13M | 3D design platform enabling whiteboarding, prototyping, collaboration, and handoffs. | ||
| ironcad.com | 2001 | Atlanta, United States | 16 | CAD design and collaboration software provider |
Detailed competitors of Cove.tool
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cove.tool
The website of Cove.tool (cove.tools) receives about 2K visits a month.
- Monthly visits2K
▲ 6.9% vs previous month
Top companies in Construction & Building Tech
3 companies that operate in the same segment as Cove.tool (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Cove.Tool
Complete news archive for Cove.tool
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cove.tool
Cove.tool was founded in 2017.
Cove.tool is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Cove.tool is a funded company, having raised a total of $41.72M across 6 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jan 2017.
Cove.tool has 62 employees.
Cove.tool was established in 2017 in Atlanta, United States, within the architecture, engineering, and construction sector. An AI-driven web platform is operated to support building design processes. Services encompass design and energy analysis, time and cost management, carbon emission tracking, automated reporting, and project oversight. Operations focus on streamlining workflows for AEC professionals across various project stages.
Cove.tool offers Cove Architecture, Cove Sustainability, and Vitras.ai.
Cove.tool has 9 investors. Key investors include Techstars, Knoll Ventures, Coatue, FootPrint Coalition, and Mucker.
Cove.tool operates through Covetool Inc.