Covariant

AI-powered robotics for warehouse automation

Emeryville, California, United States

About Covariant

Covariant specializes in warehouse automation through the use of artificial intelligence and robotics. Their main product is a platform that enables robots to perform various tasks in warehouses, such as picking items, sorting returns, assembling packages, and depalletizing goods. The core of their technology is the Covariant Brain, an AI system trained on millions of real-world warehouse operations, allowing it to efficiently handle a wide range of items from the start. Covariant differentiates itself from competitors by offering a flexible and adaptable solution that can integrate with various systems and meet the evolving needs of businesses. The goal of Covariant is to enhance the efficiency and scalability of warehouse operations for large-scale businesses, ultimately transforming how goods are managed and processed in fulfillment centers.

Emeryville, CaliforniaHeadquarters
2017Year Founded
$215.9MTotal Funding
SERIES_CCompany Stage
Robotics & Automation, AI & Machine LearningIndustries
51-200Employees

Benefits

Health, dental, and vision coverage for you and your family
Unlimited time off Flexible work hours
Lunch and dinner each day
401(k) plan and match

Risks

Departure of founders to Amazon may impact Covariant's innovation and leadership.
Regulatory scrutiny on AI deals could affect Covariant's operations and partnerships.
Competition from tech giants like Amazon may overshadow Covariant's market presence.

Differentiation

Covariant's RFM-1 model gives robots human-like reasoning abilities, a unique advancement.
The Covariant Brain enables robots to handle diverse warehouse tasks from day one.
Covariant's AI platform is flexible, adaptable, and integrates with any provider.

Upsides

Partnerships with Otto Group and McKesson enhance operational efficiency in warehouses.
Amazon's licensing deal validates Covariant's technology and potential for collaboration.
RFM-1 model opens opportunities for broader applications beyond warehouse automation.

Funding

Total raised$215.95 M
Latest valuation$400.00 M
StageSERIES_C