Veo Robotics

Overview
News

Veo Robotics is a Massachusetts-based company that develops safety technology for industrial robots to enable human-robot collaboration. The company's flagship product is FreeMove, a 3D safeguarding system that uses computer vision and AI to allow humans to work safely alongside large industrial robots. FreeMove employs depth-sensing cameras positioned around robot work cells to monitor the entire space in real-time. The system's software identifies robots, workpieces, humans, and obstacles, calculating all possible future states to implement dynamic speed and separation monitoring. If a person gets too close to a robot, FreeMove signals it to stop, resuming operation once the area is clear.

Veo's technology is compatible with industrial robots from major manufacturers like FANUC, Yaskawa Motoman, ABB, Kawasaki, and Kuka. The company aims to improve manufacturing flexibility by reducing the cost and complexity of human-robot collaboration, allowing factories to combine the strength and precision of robots with human dexterity and judgment. In October 2022, Veo launched an upgraded FreeMove 2.0 Engine with enhanced features for complex manufacturing applications, including the ability to monitor limited access zones and adjacent work cells.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Waltham, MA
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 57.0 mn
Last Funding:
USD 14.0 mn (Series B; Apr 2023)
Last valuation:
-
Funding data are powered by Crunchbase
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