About Cove.tool
Cove.tool is a company based in Atlanta (United States) founded in 2017. Cove.tool has raised $41.72 million across 6 funding rounds from investors including Techstars, Knoll Ventures and Coatue. The company has 62 employees as of December 31, 2022. Cove.tool offers products and services including Cove Architecture, Cove Sustainability, and Vitras.ai. Cove.tool operates in a competitive market with competitors including Vention, Bezi, Tinkercad, FenestraPro and IronCAD, among others.
- Headquarter Atlanta, United States
- Employees 62 as on 31 Dec, 2022
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Sectors
Real Estate & ConstructionMedia & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Covetool Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$41.72 M (USD)
in 6 rounds
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Latest Funding Round
$30 M (USD), Series B
Dec 17, 2021
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Investors
Techstars
& 8 more
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Employee Count
62
as on Dec 31, 2022
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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.
People of Cove.tool
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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.
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.
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Venture capital is invested in media sectors by the firm.
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Accelerator and venture capital firm
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Investor details for Cove.tool
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Investments & Acquisitions by Cove.tool
Investment portfolio details for Cove.tool
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Financial Statements - Cove.tool
Detailed financials for Cove.tool
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Cove.Tool Comparisons
Peer comparison for Cove.tool
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Competitors of Cove.tool
Cove.tool operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vention, Bezi, Tinkercad, FenestraPro and IronCAD, among others.
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Modular hardware and software platform for industrial automation is provided.
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3D design platform enabling whiteboarding, prototyping, collaboration, and handoffs.
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Online tool to create and edit digital designs on the cloud
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Cloud-based Revit add-in is offered for energy-efficient building design.
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CAD design and collaboration software provider
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Detailed competitors of Cove.tool
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Latest news on Cove.Tool
Complete news archive for Cove.tool
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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.
As of Dec 31, 2022, the latest employee count at Cove.tool is 62.
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's top competitors include Vention, Sensat and FenestraPro.
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.