According to filings with the U.S. Securities and Exchange Commission, Covariant is raising $75,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Peter Chen played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Covariant
Our mission is to build the Covariant Brain, a universal AI to give robots the ability to see, reason and act on the world around them. Bringing AI from research in the lab to the infinite variability and constant change of our customers real-world operations requires new ideas, approaches and techniques. Success in the real world requires a team that represents that world: diversity of backgrounds, points of view, and experiences. Our common denominator: ambitious expectations, love of learning, empathy for those around us, and a team-first mindset.

To learn more about Covariant, visit http://covariant.ai/

Contact:
Peter Chen, Chief Executive Officer
510-367-5454
https://www.linkedin.com/in/peter-xi-chen-25178356/

SOURCE: http://www.intelligence360.io
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