When was Covariant founded?

Covariant was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is Covariant located?

Covariant is headquartered in Emeryville, United States. It is registered at Berkeley, California.

How many employees does Covariant have?

As of Jan 31, 2026, the latest employee count at Covariant is 51.

Is Covariant a funded company?

Covariant is a funded company, having raised a total of $222M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 08, 2017.

How much is Covariant worth?

The last known valuation of Covariant was $***** as of Aug 30, 2024.

When was the latest funding round of Covariant?

Covariant's latest funding was a $***** Series C round on Apr 04, 2023, with participation from 6 investors. Its primary sector is Artificial Intelligence. In United States, the Artificial Intelligence sector has seen $326B in funding in 2026 to date.

Where does Covariant rank among its competitors?

Covariant ranks 13th amongst 218 active competitors, of which 34 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Luffy AI, which secured $10.8M in Jul, 2026.

Who are the top competitors of Covariant?

Covariant's top competitors include Parrot, Vention and DroneDeploy. Among them, Luffy AI secured the most recent funding round in July, 2026.

Covariant - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of an AI robotics platform for warehouse automation solutions. The platform uses machine learning and robotics to automate item picking. It is designed to handle a variety of items and adapt to changing warehouse needs. The platform leverages data from a network of warehouses to improve performance.

Website: covariant.ai
Social
Registered Address: Berkeley, California

Key Metrics

Founded Year

2017

Location

Emeryville, United States

Stage

Acqui-Hired

Total Funding

$222M in 5 rounds

Latest Funding Round

Series C, Apr 04, 2023, $*****

Last Known Valuation

$***** as on Aug 30, 2024

Investors

Index Ventures & 17 more

Ranked

13^th among 218 active competitors

Employee Count

51 as on Jan 31, 2026

Similar Companies

Vention & 382 more

View Covariant's full profile

Covariant is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
EMBODIED INTELLIGENCE INC. CIN: 822710689 , United States, Active	Dec 31, 2016	-	109 (As on Dec 31, 2022)	-

Covariant has raised a total funding of $222M over 5 rounds. Its first funding round was on Nov 08, 2017. Its latest funding round was a Series C round on Apr 04, 2023 for $*****. 6 investors participated in its latest round. Covariant has 17 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Covariant:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 04, 2023	1598595	Series C	2198702	2214161	8427169	6829826
Jul 27, 2021	1961375	Series C	9587601	1423666	6686477	Amplify Partners & 3 more
May 06, 2020	6694558	Series B	1501351	1720350	Index Ventures & 1 more	Amplify Partners

Access funding benchmarks and valuations. Sign up today!

View details of Covariant's funding rounds and investors

The founders of Covariant are Pieter Abbeel, Rocky Duan and Peter Chen.

Here are the details of Covariant's key team members:

Pieter Abbeel: Former Co-Founder of Covariant. They are also an angel investor in 14 startups.
Contact Info: 1 email address
Rocky Duan: Former Co-Founder of Covariant.
Contact Info: 1 email address
Peter Chen: Former Co-Founder of Covariant.
Contact Info: 1 email address

View details of Covariant's Founder profiles and Board Members

Covariant's employee count trend

Covariant has 51 employees as of Jan 26. Here is Covariant's employee count trend over the years:

Uncover Covariant's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Covariant include Parrot, Vention and DroneDeploy. Here is the list of Top 10 competitors of Covariant, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Parrot 1994, Paris (France), Public	Manufacturer of unmanned aerial vehicles and related software and solutions	-	Sofinnova Partners, Seventure Partners & 4 others	76/100
2nd	Vention 2016, Montreal (Canada), Series D	Provider of integrated hardware and software for industrial automation systems	$263M	Georgian, Real Ventures & 13 others	72/100
3rd	DroneDeploy 2013, San Francisco (United States), Acquired	Provider of a cloud software platform for commercial drones	$142M	Energize Capital, AngelPad & 16 others	71/100
4th	Mech-Mind 2016, Haidian (China), Public	Developer of 3D vision technology and AI software for industrial robots	$200M	Meituan, Sequoia Capital & 4 others	65/100
5th	Aloft 2015, Washington, DC (United States), Acquired	Provider of a drone fleet management solution	$9.5M	Bonfire Ventures, Travelers & 6 others	63/100
6th	Palladyne AI 1983, Salt Lake City (United States), Public	Developer of an AI robotic software platform for various industries	$85.7M	Rotor Capital, General Electric & 10 others	63/100
7th	Viam 2020, New York City (United States), Series C	Software platform for robotics and AI to build smart machines across industries	$117M	Union Square Ventures, Tiger Global Management ... & 5 others	58/100
8th	Luffy AI 2019, Abingdon (United Kingdom), Series A	Developer of adaptive artificial intelligence for real-time control and optimisation	$13.5M	BGF, Momenta & 14 others	56/100
9th	Cape 2014, Redwood City (United States), Series B	Cloud-based drone telepresence platform for secure remote drone operation	$61M	New Enterprise Associates, Gradient Ventures ... & 17 others	56/100
10th	Urban-Air Port 2016, London (United Kingdom), Series A	Developer of ground infrastructure for electric vertical takeoff aircraft operations	$25.5M	M7 Real Estate, Hiddentao & 3 others	53/100
13th	Covariant 2017, Emeryville (United States), Acqui-Hired	Developer of an AI robotics platform for warehouse automation solutions	$222M	Northgate Capital, Temasek & 16 others	50/100