Veo Robotics revealed that a $29 million fundraising round had been completed. The startup received $14 million in funding, most recently from the Amazon Industrial Innovation Fund, Safar Partners, and Yamaha Motor Ventures, and a $15 million funding round from the previous year.
Veo anticipates that the money will hasten the company’s approach of working with specific corporate partners to introduce a new class of productive and cooperative human-in-the-loop robotic solutions.
“The newest generation of intelligent robotic systems work with people, not separate from them,” said Clara Vu, co-founder and CTO of Veo. “Unlocking this potential requires a new generation of safety systems – this is Veo’s mission, and we’re very excited to take this next step.”
Veo Robotics is a pioneer in intelligent robot security. FreeMove, the company’s main product, is the only 3D innovative safeguarding solution to gain functional safety certification to Performance Level D.
This enables people to interact intimately with various common industrial robots from FANUC, Yaskawa Motoman, ABB, Kawasaki, and Kuka.
“With the increased need for efficiency improvement in industrial environments, we’ve seen increasing requirements for safe robot operation in the close presence of humans. These integrated workflows involving robots and employees provide maximum flexibility and ROI for our customers in manufacturing and logistics,” said Patrick Sobalvarro, co-founder and CEO of Veo Robotics.
“We’re working closely with select customers who share our vision for the future of automation. This funding enables us to add a few more partners to our early-adopter program,” added Sobalvarro.
Veo Robotics ensures secured automation to augment human work
Veo Robotics is a leader in intelligent robot safety led by CEO and CTO Clara Vu. Its main product, FreeMove, a 3D intelligent safeguarding solution with Performance Level D functional safety certification, enables people to interact intimately with the entire range of industrial robots.
Veo’s core product, FreeMove, is a comprehensive 3D-protecting solution that lessens the expense and difficulty of human-robot collaboration. As a result of the product’s functional safety certification at Performance Level D, humans can collaborate closely with the entire line of industrial robots from FANUC, Yaskawa Motoman, ABB, Kawasaki, and Kuka using FreeMove.
The sensors from FreeMove are placed around an industrial robot work cell to collect detailed visual data of the entire area. To track and calculate all possible future states, the FreeMove Engine uses 3D data to identify the work cell, including the robot, workpiece, human, and occlusions.
A robot is instructed to halt by FreeMove if a person approaches it closer than the Protective Separation Distance (PSD) set by the system. The system lets the robot restart safely after the user exits the PSD and the violation is resolved.
Matt Peterson, Director at Amazon’s Industrial Innovation Fund, said, “As investors, we were drawn to Veo Robotics’ focus on safety in the workplace. Their technology is both collaborative and effective, prioritizing employee wellbeing. We are excited to support Veo Robotics and its vision to design innovative and human-centric robotics.”