Index Ventures
Assembly Line
Albert Invent Raises $7.5 Million Seed, Led by Index Ventures, to Bring New Products to Market Faster Than Ever Before
Albert Invent, the company empowering global organizations to accelerate innovation with its state-of-the-art R&D platform, today announced $7.5 million in seed funding. Index Ventures led the investment in Albert Invent, whose platform is already helping thousands of scientists worldwide dramatically expedite time to market. Homebrew, F-Prime Capital and prominent angel investors also participated in the round. With the additional financial resources, the company will onboard even more chemistry and materials science companies, helping one of the largest industries in the world develop the products that touch consumers’ everyday lives. Albert is already utilized by some of the largest and prominent companies, along with emerging startups, around the world, including Henkel, the world’s leading producer of adhesives, sealants and functional coatings; 3D Systems, one of the largest 3D printing technology companies; and Applied Molecules, fast growing manufacturer of formulated coatings and adhesives.
Covariant raises $75M for its AI-powered warehouse robots
Covariant, a startup developing warehouse robots that can be deployed faster than traditional automation hardware, has raised $75 million in funding. The company disclosed the investment today. The capital was provided as an extension to a Series C round that it had originally announced in 2021. Radical Ventures and Index Ventures co-led the new investment, while five other institutional backers contributed as well.