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.
Robotic AI firm Covariant raises another $80 million – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.