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Covariant Pulls In $80M Series C Financing

2021-07-27
BERKELEY, CA, Covariant, a leading AI Robotics company, today announced it has raised $80 million in Series C funding.
Covariant today announced it has raised $80 million in Series C funding, bringing its total capitalization to $147 million within two years of the company's public launch. The round was led by returning investor, Index Ventures, with additional participation of Amplify Partners and Radical Ventures. Covariant also added new global investors, Temasek and Canada Pension Plan Investment Board (CPP Investments). Covariant 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.

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.
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