Tech Company Financing Transactions

Covariant Funding Round

Index Ventures, Radical Ventures and AIX Ventures participated in a $75 million Series C funding round for Covariant. This VC investment round was announced on 4/4/2023.

Transaction Overview

Company Name
Announced On
4/4/2023
Transaction Type
Venture Equity
Amount
$75,000,000
Round
Series C
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.

Company Information

Company Status
Private & Independent
Industry
Robotics
Mailing Address
707 Heinz Ave. B
Berkeley, CA 94710
USA
Phone
Undisclosed
Email Address
Overview
Our mission is to build the Covariant Brain, a universal AI to give robots the ability to see, reason and act on the world around them. Bringing AI from research in the lab to the infinite variability and constant change of our customer's real-world operations requires new ideas, approaches and techniques.
Profile
Covariant LinkedIn Company Profile
Social Media
Covariant Company Twitter Account
Company News
Covariant News
Facebook
Covariant on Facebook
YouTube
Covariant on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Peter Chen
  Peter Chen LinkedIn Profile  Peter Chen Twitter Account  Peter Chen News  Peter Chen on Facebook
Chief Technical Officer
Rocky Duan
  Rocky Duan LinkedIn Profile  Rocky Duan Twitter Account  Rocky Duan News  Rocky Duan on Facebook
Co-Founder
Tianhao Zhang
  Tianhao Zhang LinkedIn Profile  Tianhao Zhang Twitter Account  Tianhao Zhang News  Tianhao Zhang on Facebook
President
Pieter Abbeel
  Pieter Abbeel LinkedIn Profile  Pieter Abbeel Twitter Account  Pieter Abbeel News  Pieter Abbeel on Facebook
VP - Bus. Development
Tyler Douglas
  Tyler Douglas LinkedIn Profile  Tyler Douglas Twitter Account  Tyler Douglas News  Tyler Douglas on Facebook


 

 

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We do our best to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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