The round, which brought total funding raised to date to $67m, was led by Index Ventures and Radical Ventures with participation from Amplify Partners, etc. In conjunction with the funding, Mike Volpi, partner at Index Ventures, will be joining Covariant’s board.
The company will use the funds to expand its research, engineering and commercial teams, add partnerships, and launch AI Robotics to new industries.
Founded in 2017 by Pieter Abbeel, president, chief scientist officer and Peter Chen, CEO, Covariant is building the Covariant Brain, a universal AI to give robots the ability to see, reason and act on the world around them. In 2020, the company launched from stealth and later announced partnerships with ABB and Knapp.
Source. FinSMEs, May 7, 2020
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