Covariant, founded in 2017, is a artificial intelligence (AI) company that focuses on developing innovative AI solutions for the robotics industry. Their advanced AI software, known as the Covariant Brain, is designed to empower robots with the ability to learn from experience, adapt to new environments, and perform complex tasks efficiently. By utilizing deep reinforcement learning and other AI techniques, Covariant aims to revolutionize industries such as logistics, warehousing, and manufacturing, where automation can significantly enhance productivity, accuracy, and safety. Covariant is headquartered in Berkeley, California.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/04/2023 | Series C-1 | $75MM | $xx.xx | $618.03MM | Aix Ventures, Amplify Partners, Canada Pension Plan Investment Board, Gates Frontier Holdings, Index Ventures, Northgate Capital, Radical Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,675,274
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aix Ventures, Amplify Partners, Canada Pension Plan Investment Board, Gates Frontier Holdings, Index Ventures, Northgate Capital, Radical Ventures
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07/27/2021 | Series C | $80MM | $xx.xx | $516.69MM | Amplify Partners, Index Ventures, Radical Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,986,953
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify Partners, Index Ventures, Radical Ventures
|
||||||
05/06/2020 | Series B | $39.93MM | $xx.xx | $237.36MM | Amplify Partners, Index Ventures, Radical Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,668,449
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify Partners, Index Ventures, Radical Ventures
|
||||||
01/15/2019 | Series A | $19.81MM | $xx.xx | $139.25MM | Amplify Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,613,668
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify Partners
|
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11/13/2017 | Series Seed | $7MM | $xx.xx | $28MM | 11.2 Capital, A.Capital, Amplify Partners, Frees, Lux Capital, Sv Angels | |
Price per Share
$xx.xx
Shares Outstanding
3,818,247
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
11.2 Capital, A.Capital, Amplify Partners, Frees, Lux Capital, Sv Angels
|