# Amazon acquires Covariant: acquisition

Canonical ID: `fb24efc2-a683-4ec0-8fca-f37ca486675e`

Amazon licensed Covariant's robotic foundation models and hired co-founders Pieter Abbeel, Peter Chen and Rocky Duan plus ~25% of staff (August 2024). NOT a full acquisition - Covariant remains standalone under CEO Ted Stinson. Reported ~$380M+$20M deferred. Cross-ref people-graph: pieter-abbeel/peter-chen/rocky-duan (current_role=false at Covariant, true at Amazon).

- **Structure:** license and hire
- **Status:** completed
- **Valuation:** undisclosed
- **Verification posture:** verified

## Parties

- **Acquirer:** [Amazon](https://registry.deploy.report/companies/amazon.md)
- **Acquired:** [Covariant](https://registry.deploy.report/companies/covariant.md)

## Timeline

- **Closed:** 2024-08-01

## Acquired assets (2)

- **ip license:** Covariant RFM-1 robotic foundation models (non-exclusive license)
- **team:** Co-founders Pieter Abbeel, Peter Chen, Rocky Duan and ~25% of Covariant staff

## Sources (1)

1. https://www.geekwire.com/2024/


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