Covariant Raises $40 Million in Series B Funding to Bring AI Robotics to New Industries
05/06/20, 1:10 PM
Location
Money raised
$40 million
Round Type
series b
Covariant, a leading AI Robotics company, today announced that it has raised $40 million in Series B funding, bringing its total funding to $67 million. The round was led by Index Ventures, along with AI-focused Radical Ventures and participation from existing investor Amplify Partners and others. Covariant will use the funding to accelerate its partnerships, introduce AI Robotics to new industries, and grow its research, engineering and commercial teams.
Company Info
Location
berkeley, california, united states
Additional Info
Covariant is building the Covariant Brain: universal AI that allows robots to see, reason and act on the world around them. Founded in 2017 by the world's top AI researchers and roboticists from UC Berkeley and OpenAI, Covariant is bringing the latest artificial intelligence research breakthroughs to the biggest industry opportunities. The company is headquartered in Berkeley, CA. For more information, visit covariant.ai.