Covariant Stock

covariant.aiIndustrial / RoboticsFounded: 2017Funding to Date: $221.74MM

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.

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Is Covariant a public company?

No, Covariant is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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Covariant does not have an official ticker symbol because this company is not currently publicly traded.
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Robotics startup Covariant has developed an AI platform called RFM-1 that uses data from its warehouse robots to enable universal robotic control and simulation. The company aims to expand RFM-1's capabilities by collecting more data from different robots performing various tasks.
Covariant launched RFM-1, an AI platform to help robots understand language and reason like humans, allowing more flexible automation. The technology is based on a large dataset from existing deployments.
Covariant announced its new software RFM-1 to give robots an AI brain.
"Otto Group, the European eCommerce company, has partnered with artificial intelligence robotics company Covariant. Otto Group will use Covariant's robots to automate fulfillment activities, aiming to boost operational efficiency and improve work quality within its fulfillment centers. Otto Group plans to install hundreds of Covariant‚ AI-powered robotic solutions in all its fulfillment centers, starting in Germany. The partnership comes as shipping and logistics businesses are increasingly seeking digital and automated operations.
Updated on: Jul 26, 2024

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