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Covariant Raises $80 Million in Funding

Covariant, the AI robotics company based in Berkeley, California, has reached a significant milestone by raising $80 million in funding during Round C. This substantial investment brings Covariant's total capitalization to an impressive $147 million, marking a remarkable achievement within just two years of its public launch. The infusion of funds underscores the growing confidence in Covariant's vision and capabilities in revolutionizing the field of AI robotics.

With plans to utilize the newly acquired funds to bolster its team and further integrate cutting-edge AI technologies into various applications, Covariant is poised for accelerated growth and innovation. The company's commitment to advancing the frontier of robotics is evident in its recent achievements, particularly in deploying Covariant Brain, its flagship robot manipulation product, across diverse sectors within the robotics industry.

The success of Covariant's AI-driven solutions has not only captivated investors but also sparked optimism about the future potential of AI in transforming various industries. Mike Volpi of Index Ventures, a notable investor in Covariant, expressed confidence in the company's trajectory, emphasizing its pivotal role in demonstrating the value of artificial intelligence in streamlining operations within the supply chain. However, he also anticipates that Covariant's AI innovations will extend far beyond the confines of warehouse logistics, hinting at broader implications across different domains.

Founded in 2017 by a team of AI and robotics researchers, Covariant has rapidly emerged as a trailblazer in the realm of AI robotics, leveraging cutting-edge technologies to redefine automation and efficiency. As Covariant continues to push the boundaries of what's possible with AI-driven robotics, its journey toward reshaping industries and driving innovation forward is only just beginning.

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