About Covariant
Covariant is a company based in Emeryville (United States) founded in 2017 by Rocky Duan, Tianhao Zhang, Peter Chen, and Pieter Abbeel. Covariant has raised $202 million across 5 funding rounds from investors including Temasek, Northgate Capital and CPP Investments. Covariant offers products and services including Covariant Brain. Covariant operates in a competitive market with competitors including Formant, Viam, MOV.AI, Trace Machina and Dime Research, among others.
- Headquarter Emeryville, United States
- Founders Rocky Duan, Tianhao Zhang, Peter Chen, Pieter Abbeel
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Sectors
Industrial Goods & Manufacturing
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Phone
Locked
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Website
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Social
Locked
- Legal Name Embodied Intelligence Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$202 M (USD)
in 5 rounds
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Latest Funding Round
$75 M (USD), Series C
Apr 04, 2023
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Investors
Temasek
& 12 more
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Employee Count
Not available
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Products & Services of Covariant
Covariant offers a comprehensive portfolio of products and services, including Covariant Brain.
AI platform for training robots to automate warehouse picking tasks.
People of Covariant
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Funding Insights of Covariant
Covariant has successfully raised a total of $202M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $75 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Covariant
Covariant has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Temasek, Northgate Capital and CPP Investments.
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Venture capital firm focused on AI-driven companies
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Venture capital investments in technology startups and entrepreneurs.
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Technical founders are supported through early-stage venture capital investments.
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Investor details for Covariant
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Investments & Acquisitions by Covariant
Investment portfolio details for Covariant
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Financial Statements - Covariant
Detailed financials for Covariant
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Covariant Comparisons
Peer comparison for Covariant
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Competitors of Covariant
Covariant operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Formant, Viam, MOV.AI, Trace Machina and Dime Research, among others.
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Cloud-based solutions for robot fleet control and monitoring are offered.
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A platform for integrating data, AI, and automation is developed.
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AI-based robotics engine platform is developed for automation products.
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Simulation infrastructure is provided for safety-critical physical world AI development.
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AI-driven solutions for automated material handling in warehouses are provided.
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Detailed competitors of Covariant
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Latest news on Covariant
Complete news archive for Covariant
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Frequently Asked Questions about Covariant
Covariant was founded in 2017.
Covariant is headquartered in Emeryville, United States. It is registered at Emeryville, California, United States.
Peter Chen is the current CEO of Covariant. They have also founded this company.
Covariant is a funded company, having raised a total of $202M across 5 funding rounds to date.
Developer of imitation models for teaching articulation tasks to robotic arms. It uses a COTS VR HMD and hand-tracking system to allow a programmer to demonstrate a specific hand movement. The imitation learning models translate this to specific instruction rewards set for the robot, allowing it to learn the movement quickly. Embodied Intelligence claims that its imitation models are better than the more standard reinforcement learning models (since the latter requires a lot of time when applied to physical actions), and are also better than hard-coding specific movements.
Covariant's top competitors include Formant, Viam and Trace Machina.
Covariant offers Covariant Brain.
Covariant has 13 investors. Key investors include Temasek, Northgate Capital, CPP Investments, Radical Ventures, and Index Ventures.