The next great AI company? Covariant attracts $40M Series B

The next great AI company? Covariant attracts $40M Series B
  • Covariant co-founder and CEO Peter Chen said automation is the key to meeting that challenge. The Berkeley, California-based artificial intelligence robotics company is building universal artificial intelligence that enables robots to see, reason and act autonomously in the real world.
  • To advance that technology, the company announced that it received $40 million in Series B funding, led by Index Ventures, along with AI-focused Radical Ventures and participation from existing investor Amplify Partners and others.
  • This new funding brings Covariant’s total funding to $67 million, according to Crunchbase data. Amplify Partners led the company’s Series A raise of $20 million in January 2019.