Covariant Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 109

Employees

  • Latest Deal Type
  • M&A

Covariant General Information

Description

Developer of artificial intelligence-based robots and software designed to create a roadmap and deploy robotics across operations. The company's software engages in deep imitation learning, deep reinforcement learning, and meta-learning, enabling clients to program a robot by simply donning a virtual reality headset and guiding a robot through a task.

Contact Information

Website
www.covariant.ai
Formerly Known As
Embodied Intelligence
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 5905 Christie Avenue
  • Emeryville, CA 94608
  • United States
+1 (510)
Primary Industry
Other Hardware
Other Industries
Automation/Workflow Software
Business/Productivity Software
Parent Company
Amazon Robotics
Vertical(s)
Advanced Manufacturing, Big Data, Robotics and Drones, Artificial Intelligence & Machine Learning, Supply Chain Tech
Corporate Office
  • 5905 Christie Avenue
  • Emeryville, CA 94608
  • United States
+1 (510)

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Covariant Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 01-Sep-2024 Completed Generating Revenue
7. Later Stage VC 14-Jun-2023 Completed Generating Revenue
6. Later Stage VC (Series C1) 04-Apr-2023 Completed Generating Revenue
5. Later Stage VC (Series C) 27-Jul-2021 Completed Generating Revenue
4. Accelerator/Incubator 10-Sep-2020 Completed Generating Revenue
3. Early Stage VC (Series B) 06-May-2020 Completed Startup
2. Early Stage VC (Series A) 15-Jan-2019 $20M $27M Completed Startup
1. Seed Round 01-Jul-2018 $7M $7M Completed Startup
To view Covariant’s complete valuation and funding history, request access »

Covariant Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C-1
Series C
Series B
Series A 2,613,668 $0.000100 $7.58 $7.58 1x $7.58 6.71%
Seed 3,818,247 $0.000100 $1.83 $1.83 1x $1.83 9.8%
To view Covariant’s complete cap table history, request access »

Covariant Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of artificial intelligence-based robots and software designed to create a roadmap and deploy robotics across o
Other Hardware
Emeryville, CA
109 As of 2024

San Diego, CA
 

Union City, CA
 
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Covariant Competitors (4)

One of Covariant’s 4 competitors is Brain (Business/Productivity Software), a Venture Capital-Backed company based in San Diego, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Brain (Business/Productivity Software) Venture Capital-Backed San Diego, CA
Vicarious Formerly VC-backed Union City, CA
Universal Robots Formerly VC-backed Odense, Denmark
Seegrid Private Equity-Backed Pittsburgh, PA
To view Covariant’s complete competitors history, request access »

Covariant Patents

  • 28

    Total Documents Applications and Grants

  • Total Patents Families

  • 11

    Granted

  • 15

    Pending

  • Expiring in next 12 mo

Covariant Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20210276188-A1 Trajectory optimization using neural networks Active 06-Mar-2020
EP-4115347-A1 Trajectory optimization using neural networks Pending 06-Mar-2020
EP-4115340-A1 Trajectory optimization using neural networks Pending 06-Mar-2020
EP-4114622-A1 Imaging process for detecting failure modes Pending 06-Mar-2020
US-20210276185-A1 Imaging process for detecting failures modes Active 06-Mar-2020 B25J9/1653
To view Covariant’s complete patent history, request access »

Covariant Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Covariant Former Investors (36)

Investor Name Investor Type Holding Investor Since Participating Rounds
11.2 Capital Venture Capital Minority
A&E Investments Venture Capital Minority
A.Capital Ventures Venture Capital Minority
AI Venture Labs Accelerator/Incubator Minority
AIX Ventures Venture Capital Minority
You’re viewing 5 of 36 investors. Get the full list »

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Covariant FAQs

  • When was Covariant founded?

    Covariant was founded in 2017.

  • Where is Covariant headquartered?

    Covariant is headquartered in Emeryville, CA.

  • What is the size of Covariant?

    Covariant has 109 total employees.

  • What industry is Covariant in?

    Covariant’s primary industry is Other Hardware.

  • Is Covariant a private or public company?

    Covariant is a Private company.

  • What is Covariant’s current revenue?

    The current revenue for Covariant is .

  • How much funding has Covariant raised over time?

    Covariant has raised $245M.

  • Who are Covariant’s investors?

    11.2 Capital, A&E Investments, A.Capital Ventures, AI Venture Labs, and AIX Ventures are 5 of 36 investors who have invested in Covariant.

  • Who are Covariant’s competitors?

    Brain (Business/Productivity Software), Vicarious, Universal Robots, and Seegrid are competitors of Covariant.

  • When was Covariant acquired?

    Covariant was acquired on 01-Sep-2024.

  • Who acquired Covariant?

    Covariant was acquired by Amazon Robotics.

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