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| Company type | Private |
|---|---|
| Industry | |
| Founded | 2017; 7 years ago (2017) |
| Founders |
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| Headquarters | Emeryville, California |
| Key people |
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| Website | covariant |
Covariant (formerly Embodied Intelligence) is an American artificial intelligence and robotics technology company. It is headquartered in Emeryville, California.
History
The company was founded in 2017, under the name Embodied Intelligence, by Pieter Abbeel, Peter Chen, Rocky Duan, and Tianhao Zhang. Chen serves as CEO, Abbeel as president and chief scientist, and Duan as chief technology officer. Since 2008, Abbeel has been director of the Robot Learning Lab at the University of California, Berkeley, where he is also a professor. Chen, Duan, and Zhang are his former students at the university. Abbeel, Chen and Duan worked together as researchers with OpenAI, and Zhang was formerly a researcher with Microsoft.
Their purpose in starting the company was to bring an advanced level of robotic automation to factories and warehouses, by building software to enable existing robot hardware to handle a wider range of tasks through a hybrid system of imitation learning and reinforcement learning.
Building upon their research at Berkeley, the founders spent more than two years designing the Covariant Brain, AI-driven software that powers a robotic arm, enabling it to perform labor in a warehouse. In 2018, the company began collecting data from 30 variations of robot arms in warehouses around the world, all of which ran using the Covariant Brain. The company has since built up a database of billions of units of real-world robotics information.
In February 2020, it was announced that industrial robotics maker ABB would be partnering with Covariant to create robots for warehouses. Shortly after, automation company Knapp announced they would use Covariant's AI-for-robotics system, the Covariant Brain, at a warehouse it operates for German electrical supplies wholesaler Obeta. In 2023, logistics provider Radial implemented the Covariant Brain for robotic order sortation, and German e-commerce retailer Otto Group announced the integration of Covariant's technology for item induction.
On March 11, 2024, Covariant announced the launch of RFM-1 (Robotics Foundation Model 1), described as a robotics foundation model giving robots a human-like ability to reason and understand its environment. The model is trained on text, images, videos, robot actions, and a range of numerical sensor readings captured by warehouse robots running the Covariant Brain.
The technology enables robots to learn how to manipulate objects, through the use of deep learning and reinforcement learning. Covariant's offerings include Covariant Brain-powered goods-to-person picking, kitting, depalletization, item induction, and order sortation. Their technology enables robot arms to pick and sort items from bins at rates exceeding human performance.
Funding
At its founding, the company was backed by $7 million in funding from Amplify Partners and other investors. On May 6, 2020, Covariant announced it had raised $40 million in a Series B funding round led by Index Ventures, after having raised $20 million in a series A round. On July 27, 2021, Covariant raised $80 million in Series C funding, and on April 4, 2023, the company raised an additional $75 million, bringing its total funding to $222 million.
See also
References
- ^ Metz, Cade (11 March 2024). "How the A.I. That Drives ChatGPT Will Move Into the Physical World". New York Times. Retrieved 8 August 2024.
- Vincent, James (29 January 2020). "AI-powered robot pickers will be the next big work revolution in warehouses". The Verge. Retrieved 8 August 2024.
- ^ Hernandez, Daniela (29 January 2020). "Smarter Delivery Hinges on Smarter Robots". Wall Street Journal. Retrieved 8 August 2024.
- Abbeel, Pieter (4 February 2022). "How the robots alongside us will make the world a better place". Quartz. Retrieved 12 August 2024.
- ^ Metz, Cade (6 November 2017). "A.I. Researchers Leave Elon Musk Lab to Begin Robotics Start-Up". New York Times. Retrieved 12 August 2024.
- Simon, Matt (7 November 2017). "Want to Really Teach a Robot? Command It With VR". Wired. Retrieved 12 August 2024.
- ^ Satariano, Adam; Metz, Cade (29 January 2020). "A Warehouse Robot Learns to Sort Out the Tricky Stuff". New York Times. Retrieved 12 August 2024.
- ^ Gibney, Elizabeth (31 May 2024). "The AI revolution is coming to robots: how will it change them?". Nature. Retrieved 12 August 2024.
- Vanian, Jonathan (25 February 2020). "Industrial robotics giant teams up with a rising A.I. startup". Fortune. Retrieved 12 August 2024.
- ^ "Radial Inc. Installs Covariant Robotic Putwalls at Kentucky Fulfillment Center". Robotics 24/7. 10 January 2023. Retrieved 12 August 2024.
- "Otto to deploy Covariant's AI-driven robots for logistics network". Retail Insight Network. 10 May 2023. Retrieved 12 August 2024.
- Heater, Brian (11 March 2024). "Covariant is building ChatGPT for robots". Tech Crunch. Retrieved 12 August 2024.
- Knight, Will (11 March 2024). "The Quest to Give AI Chatbots a Hand - and an Arm". Wired. Retrieved 12 August 2024.
- Deutscher, Maria (11 March 2024). "Covariant develops video-generating AI model for powering warehouse robots". Silicon Angle. Retrieved 12 August 2024.
- ^ Smith, Jennifer (6 May 2020). "Logistics AI Startup Covariant Reaps $40 Million in Funding Round". Wall Street Journal. Retrieved 13 August 2024.
- Heater, Brian (27 July 2021). "Startups Venture Apple Security AI Apps Events Startup Battlefield More Startups Robotic AI firm Covariant raises another $80 million". Tech Crunch. Retrieved 13 August 2024.
- Heater, Brian (4 April 2023). "Covariant's robotic picking AI nabs another $75M". Tech Crunch. Retrieved 13 August 2024.