Coverbase

Coverbase is an AI-native procurement platform for enterprises, automating vendor intake, risk assessments and contract management. Its technical work centres on artificial intelligence and natural language processing applied to unstructured data: the Coverbase Platform organises large volumes of such data and compares it against customer policies to identify key business risks. Related domains include third-party risk management automation, policy comparison and security.

The company has raised $20M and serves customers across Fortune 500 companies, including five of the top 25 banks in the United States. Its software is used in insurance, higher education, finance and banking.

Coverbase operates as a fully distributed organisation in the United States, with quarterly team gatherings in the continental US. The company describes its mission as reducing human toil and enabling organisations to work together safely and reliably. Its leadership has experience from Google, Stripe, Waymo and Unit21, and the founding team has roots in financial technology and security.