Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners. The round also welcomed new investors Gates Frontier Holdings, AIX Ventures, and Northgate Capital.

Founded in 2017 by the world's leading AI Robotics research scientists, Covariant delivers AI-powered automation solutions that address the change and scale of today's modern warehouse. With offices in North America and Europe, Covariant has customers in 15 countries and nearly 300 robots powered by the Covariant Brain: a universal AI Robotics platform that enables robots to interact with and learn from their dynamic environments - setting a new standard for what's possible in AI and the industries in which it's applied. Covariant offers the broadest portfolio of AI-powered robotic picking applications, including order sortation, item induction, good-to-person order picking, kitting, and depalletization. Robots can autonomously pick virtually any SKU or item on Day One in industries spanning apparel, health and beauty, pharmaceuticals, logistics, and general merchandise.