Coveware
- Company typePrivate
- Founded2018
- HeadquartersWestport, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Coveware firmographics
Firmographics- Name
- Coveware
- Legal name
- Coveware, Inc.
- Website
- https://coveware.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Coveware industry classification
Industry- Product category
- Ransomware Incident Response Services
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Cyber Recovery & Ransomware-Resilient Backup Services (BPAEALAG)
- akta.pro secondary industries
- Backup, Archiving & Ransomware-Resilient Data Protection (HDADAFAL), Immutable Backup, Air-Gap & Ransomware Recovery (HDABAIAJ), Recovery, Backup & Key Escrow (Social/Enterprise Recovery) (FSADACAH)
Keywords
Where Coveware is headquartered
LocationHeadquarters
- HQ city
- Westport
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Coveware business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Incident Response Services: Professional ransomware incident response including assessment, negotiation, settlement, and decryption support. Services include forensic triage, 24/7 cyber extortion negotiations, cryptocurrency settlement facilitation, and post-incident documentation. Operates on flat-fee pricing for triage services with cost reporting down to the penny.
- Retained Services: Prepaid incident response retainer packages providing guaranteed response SLAs, 24/7/365 availability, assigned success manager, and access to learning and development sessions. Includes optional bespoke services with tabletop exercises and ransomware incident preparation workshops.
- Data Feed & Analytics: Ransomware threat landscape data and analytics services for organizations seeking insight into threat actor behavior, ransom trends, and recovery outcomes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Incident Response Services - Forensic Triage (Recon) |
| Subscription | Annual | Incident Response Retainer |
| Subscription | Annual | Incident Response Retainer + Bespoke Services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Coveware product offering
Product offeringCore offering
Coveware provides end-to-end ransomware incident response for organizations under active cyber extortion, combining threat actor identification, 24/7/365 negotiation, cryptocurrency settlement facilitation, and decryption/recovery. The service is supported by three proprietary tools—Recon (forensic triage), Unidecrypt (decryption), and Ransomware Analytics (threat intelligence)—and is offered alongside subscription-based Retained Services with guaranteed SLAs and preparedness workshops.
Product overview
Coveware is a ransomware incident response firm offering a suite of professional services and proprietary tools. The core offering is Ransomware Incident Response, which bundles together four functional stages: Assessment (identifying the ransomware strain and threat actor), Negotiation (professional cyber extortion case management), Settlement (compliant cryptocurrency payment facilitation), and Decryption & Recovery (using proprietary tools to recover encrypted data). The service portfolio is supported by three proprietary sub-products: Recon (forensic triage SaaS platform for rapid incident analysis and MITRE ATT&CK mapping), Unidecrypt (universal ransomware decryption utility), and Ransomware Analytics (threat intelligence data from thousands of annual cases informing negotiation strategy and recovery forecasting). A Retained Services add-on provides subscription-based IR readiness through SLAs, dedicated Success Managers, and tabletop workshops for organizations seeking proactive preparedness rather than reactive response.
Differentiator
Problem solved
Functional benefit
Brands
- Recon: Forensic triage solution that pairs a rapid forensic collection tool with a fully automated backend for security incident analysis and visualization
- Unidecrypt
- Ransomware Analytics
Products and services
- Ransomware Incident Response End-to-end ransomware incident response covering assessment, 24/7/365 negotiation with threat actors, cryptocurrency settlement facilitation, and decryption/recovery for organizations experiencing active ransomware or cyber extortion incidents.
- Recon Proprietary rapid forensic collection and triage platform providing under-24-hour deployment, automated analysis and visualization, MITRE ATT&CK mapping of indicators of compromise, and CSV event timeline output via a non-persistent agent that completes triage in approximately 10 minutes.
- Unidecrypt Universal ransomware-variant-agnostic decryption utility that recovers encrypted data 2-6x faster than threat-actor-supplied tools, ships with a valid software certificate, and provides an enterprise-grade interface and CLI for safe in-house recovery.
- Ransomware Analytics Data intelligence service derived from over 2,000 real-time ransomware cases per year, providing threat actor-specific ransom benchmarks, negotiation success rates, decryption success rates, average recovery timelines, and data exfiltration likelihood assessments.
- Retained Services Subscription-based incident response retainer providing prepaid incidents, guaranteed 24/7/365 response SLAs, an assigned Success Manager, learning and development sessions, and optional Bespoke Service add-ons including tabletop exercises and Ransomware Incident Preparation workshops.
Quantifiable outcome
- Ransom payment rates have declined to record lows (23% overall, 19% for data exfiltration-only), indicating organizations are better equipped to resist extortion pressure
- +2 more outcomes
Companies that use Coveware
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Coveware technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Coveware partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- VeeamcoreCoveware was acquired by Veeam in 2024. The acquisition added world-class cyber incident response capabilities to Veeam's data protection platform. Veeam Data Platform 13.1 includes Recon Scanner 3.0 powered by Coveware for real-time threat visibility, integrating Coveware's forensic triage capabilities into Veeam's ecosystem.
- No More RansomcoreCoveware partners with No More Ransom to minimize the threat of ransomware. No More Ransom is a collaboration between law enforcement and private sector to help victims of ransomware retrieve their data without paying ransom.
- Blockchain AllianceminorCoveware partners with the Blockchain Alliance in its effort to combat criminal activity on the blockchain. Blockchain Alliance facilitates cooperation between the blockchain industry and law enforcement agencies.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Coveware competitors and assessment
Company assessmentBroad incumbents
- Mandiant (Google Cloud): Mandiant is a leading incident response and cyber threat intelligence provider, now part of Google Cloud. It directly competes with Coveware in ransomware and cyber extortion response while offering a much broader portfolio of IR, consulting, and managed defense services.
- CrowdStrike Services: CrowdStrike provides endpoint detection plus a large incident response and forensic services practice through CrowdStrike Services. It competes with Coveware on ransomware response engagements while bundling services into a broader XDR platform.
- Unit 42 (Palo Alto Networks): Unit 42 is Palo Alto Networks' threat intelligence and incident response arm, providing ransomware negotiation, forensic investigation, and recovery services. It is directly comparable to Coveware's IR offering, backed by Cortex XDR distribution.
- Arctic Wolf: Arctic Wolf is a security operations provider offering managed detection, response, and incident readiness services. While broader than Coveware, it competes for the same proactive ransomware preparedness budgets and offers incident response capabilities.
- IBM Security X-Force: IBM X-Force provides large-scale incident response, threat intelligence, and ransomware recovery services. It competes with Coveware on enterprise IR engagements, particularly for global Fortune 500 clients.
Direct peers
- Kroll Cyber Risk: Kroll's Cyber Risk practice is a long-standing incident response firm providing ransomware negotiation, forensic investigation, and breach notification services. It is one of the most direct competitors to Coveware in ransomware-specific response.
- Arete Incident Response: Arete is a specialized ransomware incident response and data recovery firm with proprietary negotiation and triage capabilities. Its service scope and ransomware-only focus make it a direct peer to Coveware.
- Sylint Group: Sylint is a boutique cybersecurity and digital forensics firm providing ransomware incident response, breach investigation, and recovery support. It competes with Coveware for ransomware response engagements, particularly in regulated industries.
Emerging players
- GroupSense: GroupSense is a digital risk protection and ransomware response firm with negotiation and forensic offerings. It overlaps with Coveware on ransomware negotiation and threat intelligence but at smaller scale.
Others
- Veeam (parent): Veeam is the parent company that acquired Coveware in 2024. Its data protection and backup platform now bundles Coveware's Recon Scanner, making it the primary distribution channel and ecosystem partner rather than a competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Coveware social profiles
Digital presenceCoveware compliance and trust
Trust signalCompliance3 records
Coveware financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coveware leadership team
Management profileNumber of profiles
Profiles3 records
Coveware funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coveware M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coveware
What does Coveware do?
Coveware provides end-to-end ransomware incident response for organizations under active cyber extortion, combining threat actor identification, 24/7/365 negotiation, cryptocurrency settlement facilitation, and decryption/recovery. The service is supported by three proprietary tools—Recon (forensic triage), Unidecrypt (decryption), and Ransomware Analytics (threat intelligence)—and is offered alongside subscription-based Retained Services with guaranteed SLAs and preparedness workshops.
Is Coveware a public or private company?
Coveware is a private company. It is classified as corporate owned and is currently operating.
When was Coveware founded?
Coveware was founded in 2018. It employs 1 to 10 people.
Where is Coveware based?
Coveware is headquartered in Westport, United States, in the North America region.
How does Coveware make money?
Three revenue lines are on record. Incident Response Services are the primary driver. The others are retained Services and data Feed & Analytics.
Who are Coveware's main competitors?
Broad incumbents on record are Mandiant (Google Cloud), CrowdStrike Services, Unit 42 (Palo Alto Networks), Arctic Wolf and IBM Security X-Force. Direct peers are Kroll Cyber Risk, Arete Incident Response and Sylint Group. GroupSense is listed as an emerging player. Veeam (parent) is listed as an others.
Does Coveware have an API?
No public API is recorded for Coveware.
What industry is Coveware in?
Coveware's product category is Ransomware Incident Response Services. Its primary akta.pro industry code is BPAEALAG, Cyber Recovery & Ransomware-Resilient Backup Services, with a secondary code of HDADAFAL, Backup, Archiving & Ransomware-Resilient Data Protection. Its NAICS code is 518 and its SIC code is 7372.