About Covetool
Cove.tool offers a cloud-based software platform that helps architects, engineers, contractors, and building owners design energy-efficient and sustainable buildings. The platform uses data analytics to analyze various design factors, allowing users to see how changes impact energy performance and carbon emissions. What sets Cove.tool apart from competitors is its specific focus on the green building sector and its support for sustainability certifications like LEED. The company's goal is to facilitate the creation of sustainable buildings while contributing to the reduction of carbon emissions globally.
Atlanta, GeorgiaHeadquarters
2017Year Founded
$35.7MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Industrial & Manufacturing, EnergyIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Hybrid Work Options
Onsite Gym membership
Employer-paid public transit pass and biking stipend
Competitive Pay
Work-Life Balance
Snacks, beer, team events
Risks
Emerging competition from AI-powered platforms like Autodesk could erode market share.
Economic downturns may impact funding for green building projects, affecting demand.
Complex building codes require constant software updates, straining cove.tool's resources.
Differentiation
Cove.tool integrates AI to optimize building design for energy efficiency and sustainability.
The platform offers real-time, data-driven insights for architects and engineers.
Cove.tool's subscription model provides scalable access to advanced sustainability consulting services.
Upsides
Recognition by TIME as a top GreenTech company boosts cove.tool's industry credibility.
Partnerships, like with SolaBlock, enhance cove.tool's sustainability consulting capabilities.
Growing demand for net-zero buildings aligns with cove.tool's sustainability goals.
Funding
Total raised$35.75 M
Latest valuation$150.00 M
StageSERIES_B
$30
$150.00 MSERIES A
9/30/2020$6
$28.50 MSEED
8/31/2019N/A
$750.0 K