Covariant
A deep look at Covariant's finances, team, and market position in the AI Robotics space.
Awaira Score
Out of 100
HQ
United States
Founded
2017
Raised
$222M
Stage
Acquired
Team
100-500
About Covariant
Covariant builds an AI robotic picking and automation platform that enables warehouse and fulfillment robots to handle the enormous variety of product shapes, sizes, and packaging types encountered in real-world logistics operations. The platform is built on RFM-1, a foundation model for robotics trained on one of the largest robotics datasets ever assembled, enabling generalized manipulation…
Key Facts
- Covariant has raised a total of $222M in disclosed funding across 1 funding rounds.
- Covariant was founded in 2017 by Pieter Abbeel and is headquartered in United States.
- Covariant employs approximately 100-500 people.
- Covariant operates in the AI Robotics category and is currently at the Acquired stage.
- Covariant has an Awaira Score of 70/100, ranking it among the tracked AI companies on Awaira.
- Covariant's most recent funding round was a Series C of $80M closed in July 2021, led by Radical Ventures.
Source: Awaira · Updated Mar 24, 2026
Valuation
N/A
Post-money
Total Raised
$222M
All rounds
Awaira Score
70/100
Founded
2017
100-500 employees
Strengths & Risks
Strengths
Strong Awaira Score of 70/100
Large team of 100-500+ employees
Based in the US, the world's largest AI market
Considerations
Valuation not publicly disclosed
Analysis based on publicly available data. Not investment advice.
Awaira estimate based on public data. Not financial advice.
How does Covariant stack up against competitors?
Competitor Comparison
| Metric | ★Covariant | Waymo | Wayve | Figure AI |
|---|---|---|---|---|
| Awaira Score | 70/100 | 96/100 | 95/100 | 95/100 |
| Total Raised | $222M | $27.1B | $2.8B | $1.9B |
| Valuation | N/A | $126B | $8.6B | $39B |
| Stage | Acquired | Corporate | Series D | Series C |
| Founded | 2017 | 2009 | 2017 | 2022 |
| Employees | 100-500 | 3500 | 100-500 | 450 |
| Country | 🇺🇸 | 🇺🇸 | 🇬🇧 | 🇺🇸 |
Investors in Covariant
Funding Rounds
InactiveLed by Radical Ventures
$80M
Jul 2021
Covariant Latest News
Lowercarbon Capital Invests in Covariant's AI Robotics for Sustainability
Breakthrough Energy Ventures Invests in Covariant's AI-Powered Robotics
Covariant Announces Strategic Partnerships to Scale AI Operations
Amazon Hires Covariant Founders and Licenses Its AI Robotics Technology
Covariant Reports Strong Growth as AI Industry Accelerates
Open Positions at Covariant
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See how Covariant stacks up against competitors in valuation, funding, team size, and Awaira Score.