Samsung-backed robotics software developer Covariant hiked its overall funding to $147m in a round led by returning investor Index Ventures.
Covariant, a US-based intelligent robotics developer backed by consumer electronics manufacturer Samsung, has secured $80m in a series C round led by venture capital firm Index Ventures.
Amplify Partners, Radical Ventures, Temasek and Canada Pension Plan Investment Board also contributed to the round, which increased the company’s overall funding to $147m.
Founded in 2017, Covariant has developed artificial intelligence technology designed to help robotic devices interpret their surroundings be manipulated more effectively. The capital will go to research and development…
