An artificial intelligence company and a member of 500 Startups’ 17th batch of graduates, Cosy (short for Cognitive Operational Systems) makes robots that navigate retail store floors and manage inventory through beacon-free technology in spaces without access to GPS. The startup is a spinoff of Penn’s GRASP Lab, and is cofounded by Jonas Cleveland and Kostas Daniilidis. In June 2016, COSY became one of the first three companies to be housed at the University of Pennsylvania’s new Pennovation Center.