Tech Company Financing Transactions
Covariant Funding Round
Covariant secured a $80 million Series C financing round on 7/28/2021. Investors included Index Ventures, Amplify Partners and Canada Pension Plan Investment Board.
Transaction Overview
Company Name
Announced On
7/28/2021
Transaction Type
Venture Equity
Amount
$80,000,000
Round
Series C
Investors
Index Ventures (Lead Investor) (Michael Volpi )
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
707 Heinz Ave. B
Berkeley, CA 94710
USA
Berkeley, CA 94710
USA
Phone
Undisclosed
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Chen
Chief Technical Officer
Rocky Duan
Co-Founder
Tianhao Zhang
President
Pieter Abbeel
VP - Bus. Development
Tyler Douglas
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