Robot Software Maker Covariant Gets Takeover Inquiry From Amazon
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Covariant, a maker of artificial intelligence software used in industrial robots, received recent takeover interest from Amazon.com Inc., according to people familiar with the matter.
Representatives for Amazon and Covariant declined to comment. Founded in 2017, Covariant has raised $245 million from investors including Index Ventures and Radical Ventures, and it was valued at $625 million in a 2023 funding round, according to PitchBook.