Robotics & Automation News

Where Innovation Meets Imagination

covariant

European retail giant Otto Group to install more than 100 Covariant robots at fulfilment centres

by

Otto Group, one of the largest online retailers in Europe, is entering into a long-term strategic partnership with Covariant, an AI robotics company. 

Covariant’s AI-powered robots will be used to automate a wide range of manual fulfilment activities that require hand-eye coordination and object manipulation – supporting Otto Group to enhance services for its customers and to take another important step towards a digitalized and AI-driven future.

The Otto Group will deploy Covariant robots to increase operational efficiency, build resilience against labour market challenges, and improve the overall quality of work within their fulfilment centres. [Read more…] about European retail giant Otto Group to install more than 100 Covariant robots at fulfilment centres

Covariant raises $75 million in Series C funding

by

Covariant, an AI robotics company, has raised an additional $75 million in Series C funds, bringing its total funding to $222 million.

Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners.

The round also welcomed new investors Gates Frontier Holdings, AIX Ventures, and Northgate Capital. [Read more…] about Covariant raises $75 million in Series C funding

Radial selects Covariant to automate e-commerce fulfillment with AI-powered robotics

by

E-commerce company Radial, a Belgian Post group company, the leader in e-commerce solutions, has agreed a new partnership with Covariant, an artificial intelligence robotics company, to automate sortation in their batch-picking operations through the installation of 12 Covariant Robotic Putwalls.

The Robotic Putwalls sort a high variety of health and beauty items for one of the world’s leading retailers in Radial’s fulfillment center in Louisville, Kentucky.

The integration of Covariant’s Robotic Putwalls into the existing facility operations delivers more optimal e-commerce fulfillment performance and accuracy – providing high quality, reliable and consistent customer experience for Radial’s clients. [Read more…] about Radial selects Covariant to automate e-commerce fulfillment with AI-powered robotics

AI for robotics developer Covariant raises $40 million in funding

by

Covariant, a developer of artificial intelligence for robotics, has raised $40 million in Series B funding, bringing its total funding to $67 million.

The round was led by Index Ventures, along with AI-focused Radical Ventures and participation from existing investor Amplify Partners and others.

Covariant will use the funding to accelerate its partnerships, introduce AI Robotics to new industries, and grow its research, engineering and commercial teams. [Read more…] about AI for robotics developer Covariant raises $40 million in funding

ABB and Covariant partner to deploy integrated AI robotic solutions

by

ABB, one of the world’s leading supplier of industrial robots, and Silicon Valley AI start-up, Covariant, have formed a partnership to bring AI-enabled robotics solutions to market, starting with a fully autonomous warehouse order fulfilment solution.

ABB says the partnership brings together two companies with a shared vision for robotics enabled by AI, where intelligent robots work alongside humans in dynamic environments, “collectively learning and improving with every task completed”.

Given the accelerated global growth experienced in the e-commerce sector, ABB identified a significant opportunity for AI-enabled robotics solutions across a broad range of applications including logistics, warehousing, and parcels and mail sorting. [Read more…] about ABB and Covariant partner to deploy integrated AI robotic solutions