Collective IP

Formerly known as Collective IP, Covalent Data operates as a tech licensing and innovation intelligence platform. Founded in 2011 by Kevin Cawley, Adam Rubenstein, and Aaron Schram, the company is based in Denver, United States. Covalent Data specializes in providing intelligent search tools that utilize machine learning to consolidate numerous data sources, including patents, academic discoveries, and SEC filings. This process creates detailed profiles of individuals, companies, and technology sectors, enabling clients to find licensable technologies, inventors, and startups.

The firm's platform is designed to trace the journey of invention from early research to commercial success. It serves a diverse client base, including researchers, academic institutions, government agencies, and licensing professionals, by helping them to track trends, analyze opportunities, and connect with others in the innovation ecosystem. The business model is centered on providing access to its comprehensive collection of content, which illuminates the global innovation landscape.

In July 2017, Covalent Data was acquired by Wellspring, a prominent provider of innovation management software. This acquisition integrated Covalent Data's search technology into Wellspring's enterprise software products, aiming to provide clients with a comprehensive toolset for managing the entire innovation lifecycle, from scouting to commercialization. Prior to the acquisition, Covalent Data had raised a total of $4.8 million over three funding rounds, with its final Series A round on April 7, 2016.

Keywords: innovation intelligence, technology licensing, patent search, intellectual property data, tech scouting, commercialization, invention tracking, startup discovery, data aggregation, research analytics