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.
Amazon has been a leader in warehouse automation since its 2012 acquisition of Kiva Systems, which makes robots that roam vast warehouses, fetching products and helping fulfill online orders more swiftly. Covariant’s customers include online retailer ...
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