Covariant

Market context

Covariant is a robot AI and learning software layer for warehouse picking robots. The company is tracked because its products or services directly support robotics, drones, autonomous systems or their supply chain.

Facts

• Website: https://covariant.ai/
• HQ: Emeryville, United States
• Segment: Foundation Models
• Known funding rounds: 1

Funding

• 2023-04-04 - Series C - $75M - Covariant adds $75M in Series C funding for AI robotics deployments - source: covariant.ai

Investors

• AIX Ventures - Participant - Vc - 1 funding event - first seen 2023-04-04
• Amplify Partners - Participant - Vc - 1 funding event - first seen 2023-04-04
• Canada Pension Plan Investment Board - Participant - Unknown - 1 funding event - first seen 2023-04-04
• Gates Frontier Holdings - Participant - Unknown - 1 funding event - first seen 2023-04-04
• Index Ventures - Lead - Vc - 1 funding event - first seen 2023-04-04
• Northgate Capital - Participant - Vc - 1 funding event - first seen 2023-04-04
• Radical Ventures - Lead - Vc - 1 funding event - first seen 2023-04-04

Events

• 2024-08-30 - Partnership - Amazon licenses Covariant robotic foundation models - The agreement moved Covariant technology into Amazon Robotics development. Covariant continued operating under new leadership after the team and technology transaction. The partnership connects Amazon licenses Covariant robotic foundation models to a customer…
• 2023-04-04 - Funding - Covariant adds $75M in Series C funding for AI robotics deployments - Covariant raised an additional $75M in Series C financing. Total funding reached $222M following the new round. Capital is aimed at scaling robotics AI deployments for retail and logistics operators.

Team

• Ted Stinson - CEO - Leads Covariant after the Amazon robotics-foundation-model licensing agreement, with responsibility for continuing Covariant Brain deployments in production environments.
• Tianhao Zhang - Company Leadership - Leads Covariant's technical and product continuity for Covariant Brain deployments across warehouse automation workflows.

Context tags

• Warehouse AI picking software - Peer Group
• Warehouse robot foundation model - Capability
• Warehouse robot AI platform - Stack Layer
• Robot learning platforms - Stack Layer - Profile QA supports Robot learning platforms.
• Warehouse AI piece picking - Workflow
• Autonomous warehouse picking - Workflow - Profile QA supports Autonomous warehouse picking.
• Warehouses - Customer Environment

Articles

• 2024-03-11 - Covariant is building RFM-1 from warehouse robot data into robot foundation models - A March 11, 2024 RFM-1 launch ties Covariant Brain deployment data to an 8-billion-parameter robotics model built from wa…