COVE SECURES FUNDING TO REVOLUTIONIZE SUSTAINABLE PACKAGING
Summary
Of particular interest is Coves proprietary AI development tools, which will enable accelerated material formulation for difficult applications.Coves latest round, led by its long-time lead investor Valor Siren Ventures, (whose corporate backers include Nestle, Starbucks and Marriott,) was oversubscribed. The majority of Coves existing investors, including Lupa Systems, Litani Ventures and a number of high-profile celebrities, participated in this funding round as well. "We are extremely grateful to have partnered with Cove and led multiple financing rounds to support the Companys vision of creating a sustainable material world. Using their proprietary AI development tools Cove creates sustainable biomaterials and packaging that are fully biodegradable, bio-based and renewable, to replace plastics. Cove is based in Southern California and backed by a group of notable investors and celebrities including Valor Equity, Marc Benioff, James Murdoch, Tony Robbins and Peter Rahal.