Veo Robotics, a Cambridge, MA-based company creating intelligent, human-aware systems for industrial robotics, raised $12M in Series A funding.
The round was led by Lux Capital and GV (formerly Google Ventures) with participation from previous investor Next47, a global venture firm created by Siemens. In conjunction with the funding, Bilal Zuberi of Lux Capital and Andy Wheeler of GV will join Veo Robotics’ board of directors.
The company intends to use the funds to accelerate hiring in computer vision, engineering, product management and systems engineering roles, as well as support product development.
Led by Patrick Sobalvarro, CEO and co-founder, Clara Vu, co-founder and Vice President of Engineering, Co-founder Scott Denenberg, Ph.D., Senior Director of Hardware, Veo Robotics is building a product that uses intelligent algorithms running on parallel computing hardware and distributed 3D sensors to enable safe, close human collaboration with industrial robots.
Veo’s technology provides industrial workers with the ability to collaboratively work with machines, aiming to bring more flexibility, productivity and precision to the manufacturing process.
The company is working with customers in key verticals including automotive and consumer packaged goods (CPG), as well as with major household appliance manufacturers and automated distribution centers.