Fundraising Fox

Covatic

Techstars '20

London, GB · Founded 2017 · 20 employees on LinkedIn · 8 known investors

Covatic develops an on-device advertising platform powered by AI and machine learning that identifies user cohorts and delivers targeted ads while preserving consumer privacy. The company serves publishers, media companies, and brands seeking privacy-compliant audience solutions at scale.

Also known as Covatic Ltd

Founders & leadership

Covatic was founded in 2017 by Nick Pinks.

NPNick Pinks
Nick PinksinFounder

Investors · 8

Also in the syndicate · 4

Creative Growth FinanceFuture Planet Capital RegionalPXN GroupWest Midlands Co-Investment Fund (WMCO)lead

Funding

SEC filings, press & company announcements
  • Undisclosed amountpre-B Bridge roundJun 2026

    West Midlands Co-Investment Fund (WMCO) (lead), Creative Growth Finance, Future Planet Capital Regional, PXN Group

    Source ↗
  • Undisclosed amountSeries AMay 2023
    Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Covatic is an advertising technology company that provides publishers, media companies and brands with audience targeting, activation and attribution tools that operate without third-party cookies, user IDs or the sharing of individual consumer data. Its architecture relies on edge computing: data is processed locally on users' devices, and the platform uses anonymised signals and cohort codes derived by on-device algorithms and machine learning models to build audience segments that are described as GDPR compliant.

The Covatic platform is organised around three functions — Target (creating and selling premium audience segments), Activate (unifying fragmented first-party data and activating it across platforms) and Attribute (measuring campaign effectiveness). It supports environments where conventional identifiers are unavailable or limited, including connected TV, smart speakers, Safari, Firefox, iOS, mobile apps and the web, and is used to make inventory addressable in the open marketplace via Google's Publisher Provided Signals. Product lines include Covatic Smart Campaigns, an AI-powered in-flight optimisation engine that compares exposed and unexposed audiences to redirect spend toward converting segments, and Covatic Sense, a CTV product intended to move beyond household-level inference to verified human presence detection for individual addressability and cross-device attribution linking TV exposure to mobile actions.

The company describes deployment on more than 1.7 billion devices with nearly 200 million monthly active users. It is led by founder and CEO Nick Pinks, with James Holyhead as Chief Technology Officer, Daniel Pike as Chief Product Officer and Tom McKay as Director of Client Success & Strategic Growth.

Founding story

Founder and CEO Nick Pinks is a chartered engineer who spent seven years at BBC R&D, where he worked on projects including IP Studio and on groundwork for the BBC's 'Future Internet' activities covering personalisation, persuasive media and new content experiences, and later served as a BBC technology transfer manager. Before founding Covatic he was a solutions specialist at Imagine Technology, designing systems for broadcasters and content providers such as ITN, Comcast and Disney. The idea of using personalisation to change the media experience had been in development since 2015, prompted by the view that broadcast manufacturing was struggling with the pace of change and that traditional publishers were constrained by outdated technology; Covatic formally started in February 2017 as a spin-out from the University of Oxford, combining broadcast experts and academic leaders, and has been funded through equity investment.

Business model

Covatic sells its audience platform to publishers, broadcasters, media owners and advertisers on a B2B basis, positioning itself as a next-generation DMP covering audience enrichment, clean room data sharing, attribution, retargeting and audience extension. Customers integrate through a no-code tag deployed via a tag manager, on-device SDKs for richer mobile app signals, or an API for server-to-server integration, and monetise inventory that would otherwise be unaddressable without third-party cookies or user IDs.

Revenue is generated from business customers through subscription SaaS and data-as-a-service arrangements alongside services and consulting, under a B2B2C model in which publishers use Covatic-powered audiences to increase ad yields and eCPMs.

Traction

Covatic states its solution is deployed on more than 1.7 billion devices with nearly 200 million monthly active users, and reports customer results including a 58% increase in ad yields on smart speaker devices, up to 86% more addressable reach on smart speakers and 233% more addressable reach delivered by the platform. A global broadcaster customer testimonial references unlocking addressability across 1.1 billion monthly Publisher Provided Signals impressions. A third-party private-markets profile lists an employee range of about 20.

Latest developments

In August 2026 Covatic launched Covatic Smart Campaigns, an AI-powered live optimisation engine for publishers that analyses exposed and unexposed audiences during a campaign and recommends reallocating spend toward high-converting segments to drive outcomes such as sales, sign-ups, visits and leads; the launch was covered by MediaShotz and PodcastingToday. The company also markets Covatic Sense, a connected TV product based on verified human presence detection for person-level addressability and cross-device attribution.

Full profile — market position, technology, go-to-market, geography, history

Market position

Covatic positions itself among privacy-first, cookieless advertising technology providers serving major media owners and broadcasters, with comparable companies identified as Anonymised, NumberEight and Permutive. It is a private company categorised in the media, entertainment and gaming sector with verticals spanning digital advertising, personalisation, edge computing, data governance and platform-as-a-service.

Covatic's stated differentiation is on-device, edge-based processing that keeps identifiable personal data on the consumer's device while still producing cohort-level targeting signals, allowing addressability in cookie-limited and ID-limited environments such as connected TV, smart speakers, Safari, Firefox and iOS. The company also cites flexible integration options (tag, SDK, API) that avoid dependence on third-party data or ID matching, and, in its CTV product, verified person-level presence detection rather than household-level inference.

Technology

The platform uses edge computing to process data locally on users' devices, with machine learning models and algorithms identifying advanced user cohorts that are represented by anonymised signals and cohort codes rather than personal identifiers. Delivery options include a no-code tag for tag managers, full-featured on-device SDKs for granular mobile app insights, and an API for server-to-server integration with virtually any platform. AI is applied in Smart Campaigns for real-time attribution-driven targeting refinement, while Covatic Sense applies human presence detection on connected TV for person-level addressability and cross-device attribution.

Go-to-market

The company sells directly to media owners, publishers and advertisers, offering demos and consultative engagement through its website, and provides low-friction adoption paths so that ad operations teams can onboard premium audience segments via an existing tag manager without developer resources, or go deeper with on-device SDKs and API integrations. It amplifies product launches through trade press coverage in outlets such as MediaShotz and PodcastingToday, and highlights industry recognition and partner relationships.

Publishers, broadcasters and media owners seeking to make more of their audience addressable and raise ad yields, as well as advertisers and brands looking for targeting accuracy and attribution across mobile, web, smart speakers and connected TV.

Geography

Covatic operates from the United Kingdom, with offices listed in London (Duke Suite, 8 St Thomas Street, SE1 9RR) and Birmingham (6 Bennetts Hill, B2 5ST), and business hours quoted in GMT. Its origins are tied to the University of Oxford and the Oxfordshire startup ecosystem.

History

Covatic was formally started in February 2017, having been in development as an idea since 2015, and was founded out of the University of Oxford by broadcast and academic specialists to help broadcasters and publishers deliver personalised content. Its early platform enabled broadcasters to build a mobile-first, individualised channel for each audience member while keeping personal data on the user's device. The company expanded into advertising technology in 2020 and has since partnered with publishers, media companies and brands on audience targeting, activation and attribution products, adding the Covatic Sense CTV product and, in 2026, the Smart Campaigns in-flight optimisation engine.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Additional addressable reach on smart speakersJan 202686%
Devices with Covatic solution deployedJan 20251,700,000,000 devices
Employee countJan 202620 employees
Increase in ad yields on smart speaker devicesJan 202658%
Increase in addressable reach delivered by platformJan 2026233%
Monthly active usersJan 2025200,000,000 users

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 2

launches, deals, and filings
Aug 2026
Covatic launches Smart Campaigns live optimisation tool for publishers

Covatic launched Covatic Smart Campaigns, an AI-powered engine for live in-flight campaign targeting optimisation that evaluates exposed and unexposed audiences and recommends shifting ad spend toward high-converting segments. The launch was covered by MediaShotz and PodcastingToday.

source ↗

Jan 2020
Covatic expands into adtech

After being founded in 2017, Covatic expanded into advertising technology in 2020, working with publishers, media companies and brands on audience solutions.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
CovaticNo. 10422855 · inc. Oct 2016 · active

Companies House · registry record

View on Companies House ↗
Registered name
COVATIC LTD
Company number
10422855
Status
Active
Company type
Private limited company
Incorporated
12 Oct 2016
Registered office
C/O Browne Jacobson Llp 15 Floor, 103 Colmore Row, Birmingham, B3 3AG
Nature of business (SIC)
62090 — Other information technology service activities
Accounts
last made up to 31 Dec 2024 · next due 30 Sept 2026
Confirmation statement
last made up to 12 Oct 2025 · next due 26 Oct 2026

Current officers · 4

  • Timothy Rhys Evans director, appointed 27 Jun 2017
  • Paul William Johnson director, appointed 28 Mar 2023
  • Daniel Edward Pike director, appointed 6 Feb 2023
  • Nicholas Pinks director, appointed 12 Oct 2016

Source: Companies House public register · retrieved 24 Jul 2026. Contains public sector information licensed under the Open Government Licence v3.0.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Covatic do?
Covatic is a UK adtech company whose on-device, edge-computing platform enables cookieless audience targeting, activation and attribution.
Who founded Covatic?
Covatic was founded by Nick Pinks in 2017.
Who are Covatic's investors?
Covatic's investors include Creative UK, Midven Ltd., Oxford Technology Management, Techstars.
Where is Covatic headquartered?
Covatic is headquartered in London, GB.