C
Covariant
Robotics · Emeryville, United States · Founded 2017
Covariantai is developing AI software that makes it easy to teach robots new, complex skills MoreLess
Covariant.ai is a startup that operates in the field of artificial intelligence (AI) and robotics, specifically focusing on warehouse automation. The company has developed a platform that uses AI to power robots capable of performing various tasks in a warehouse setting. This includes picking items, sorting returns, assembling packages, and depalletizing goods. The AI system, known as the Covariant Brain, has been trained on millions of picks from Covariant robots in warehouses around the world, enabling it to handle virtually any item from day one.
Covariant.ai's clients are primarily businesses that operate large-scale warehouses and fulfillment centers. These businesses can benefit from increased efficiency and scalability in their operations through the use of Covariant's robotic automation technology. The company's platform is designed to be flexible and adaptable, allowing it to work with any integration provider and meet changing business needs.
The business model of Covariant.ai is likely based on selling or leasing their AI-powered robotic systems to warehouses and fulfillment centers, as well as providing ongoing support and updates for these systems. They may also generate revenue through partnerships with integration providers.
In summary, Covariant.ai is a promising startup that uses AI and robotics to revolutionize warehouse operations, offering a flexible and adaptable solution that can meet the needs of a wide range of businesses.
Keywords: Artificial Intelligence, Robotics, Warehouse Automation, Covariant Brain, Fulfillment Centers, Scalability, Flexibility, Integration Providers, Business Model, Revenue Generation.
Company overview
Covariant company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2017
- Headquarters
- Emeryville, United States
- Employees
- 43
- Open positions
- None listed
- Dealroom signal
- 62.0
Valuation & funding
Covariant funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Sep 2024 | $0 | — | Amazon | — |
| SERIES COther financing | Apr 2023 | $75M | $400M | CPP Investments · AIX Ventures · Gates Frontier · Northgate Capital | ↗ |
| SERIES COther financing | Jul 2021 | $80M | $320M | Temasek · Amplify Partners · CPP Investments · Index Ventures | — |
| SERIES BOther financing | May 2020 | $40M | $160M | Radical Ventures · Index Ventures | ↗ |
| SERIES AOther financing | Jan 2019 | $20M | $80M | Amplify Partners | — |
| SEEDOther financing | Jun 2018 | Samsung Next | — | ||
| SEEDOther financing | Nov 2017 | Frees Fund · A_Capital · Lux Capital · SV Angel | — | ||
| SPINOUTOther financing | Jan 2017 | University of California, Berkeley | — |
Growth signals
Covariant website traffic
Latest recorded traffic for Covariant is 8.7K monthly website visits, down 62.2% over the last three months. Covariant's team declined 45.6% over the past year.
Comparisons
Covariant compared with similar companies
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Talent graph
Covariant's talent
Source: Dealroom Talent Intelligence.
Investors
16 investors on Covariant's cap table
Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.
Global footprint
Where Covariant has talent and traffic
team presence
In the news
Latest news about Covariant
Recent press, funding announcements, and product moves mentioning Covariant — open to read from the original sources.
Market sentiment
What the market is saying about Covariant
An AI-synthesized read of the highest-engagement posts about Covariant on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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