Covalent Data, Inc., a Denver, CO-based provider of an innovation intelligence platform, completed a $1.2m Series A-1 financing.
The round was led by High Country Venture.
The company, which has raised $4.8m to date, intends to use the funds to focus on the output of individual research scientists.
Led by Tim Oliver, Chief Executive Officer, and Will Butler, Chief Technology Officer, Covalent Data provides an intelligence platform featuring a collection of content about the global innovation landscape. By leveraging disparate sets of public and private data, the service traces the journey of invention from the earliest stages of research through commercialization, enabling all participants in the innovation ecosystem can efficiently track trends, analyze opportunities, and connect with each other.
The platform allows researchers to showcase their expertise, institutions to market their assets, foundations to evaluate grant applicants, and licensing professionals to discover technologies.