Covariant, a Berkeley, Calif.-based AI Robotics company, raised $80m in Series C funding.
The round was led by returning investor Index Ventures, with additional participation from Amplify Partners and Radical Ventures and new investors Temasek and Canada Pension Plan Investment Board (CPP Investments).
The company will use the funding to continue its investment in AI Robotics research and development (R&D), as well as growing its team globally, and accelerate bringing AI into the physical world.
Founded in 2017 by CEO Peter Chen, and President, Chief Scientist Officer Pieter Abbeel, Covariant is building the Covariant Brain, a universal AI that allows robots to see, reason and act on the world around them. The Covariant Brain has been deployed across a wide range of industries including Fashion, Health and Beauty, Industrial Supply, Pharmaceutical, Grocery, Parcel and General Merchandise.
Covariant has added several key executives to its management team. They include:
- Raghavendra (RVP) Prabhu as Head of Engineering and Research,
- Ally Lynch as Head of Marketing, and
- Sam Cauthen as Head of People.