Covariant's investors have solid backgrounds in AI research and academia and have a clear vision of how they want to impact the robotics industry. They have successfully deployed of the Covariant Brain in different sectors, including fashion, health, logistics, and pharmaceuticals.
Robotic AI has made huge leaps in recent years, but a global labour crunch means that supply chain and manufacturing firms are demanding more from their robotic workforces, requiring a precision and dexterity not yet reached without human assistance. Covariant exists to provide just this, outfitting robots with a universal AI for robotic manipulation.
With the global robotics industry expected to balloon to $86 billion by 2027, there is no shortage of firms working in this field. Competitors include Kindred and RightHand Robotics. However, Covariant is unique in its focus on autonomous robotics and in the range of its applications, which can be used in formerly difficult areas such as order picking regardless of the type of objects that need to be manipulated. It also has an edge in that its solution can be deployed to existing robots without new hardware or extensive reprogramming, significantly reducing onboarding costs.
Covariant has received significant funding for its product and is expanding internationally and into new verticals. It is looking to further develop the Covariant Brain and to maintain its market lead as companies continue to double down on investments in automation.
Freddie
Company Specialist at Welcome to the Jungle