Latest / Hardware Startups with Fexingo: Devices, Robotics, and Manufacturing Tech Companies
Inside the Industrial Robotics Startup That Raised $200 Million
In this episode of Hardware Startups with Fexingo, Lucas and Luna dive into the story of Covariant, an industrial robotics startup that raised $200 million in 2025. They explore how Covariant's AI-powered robotic arms are tackling one of the hardest problems in automation: general-purpose picking in warehouses. Lucas explains the technical breakthrough—a neural network trained on millions of real-world grasps—and why venture capital is flowing into this niche. Luna brings a contrarian view, pointing out the high burn rate and competition from giants like Amazon Robotics. Together, they…
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