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Covalent picks up $18 million

Covalent Technologies, which sells enhancements to the open-source Apache software for delivering Web pages, has received $18 million in funding in a third-round investment led by Menlo Ventures with participation from Sequoia Capital and Granite Ventures. The funding will be used to expand product development, sales and marketing, the company said Monday. In addition, San Francisco-based Covalent has announced several executive appointments. Mark Brewer, formerly of customer relationship software maker Banter, has become vice president of field operations and has primary responsibility for sales. Aleks Rabrenovich has been promoted to vice president of finance and operations, and Jim Harter has been promoted to vice president of professional services.

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science. Credentials
  • Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
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Stephen Shankland
Covalent Technologies, which sells enhancements to the open-source Apache software for delivering Web pages, has received $18 million in funding in a third-round investment led by Menlo Ventures with participation from Sequoia Capital and Granite Ventures. The funding will be used to expand product development, sales and marketing, the company said Monday.

In addition, San Francisco-based Covalent has announced several executive appointments. Mark Brewer, formerly of customer relationship software maker Banter, has become vice president of field operations and has primary responsibility for sales. Aleks Rabrenovich has been promoted to vice president of finance and operations, and Jim Harter has been promoted to vice president of professional services.