Deals

Veo Robotics Raises $12M in Series A Funding
Date: 
Wednesday, October 18, 2017
Location: 
Cambridge
Categories: 
Hardware & Robotics
Deal Type: 
Funding

Veo Robotics, the company creating intelligent, human-aware systems for industrial robotics, today announced $12M in Series A funding led by Lux Capital and GV (formerly Google Ventures). Previous investor Next47, a global venture firm created by Siemens, also participated. In addition, Bilal Zuberi of Lux Capital and Andy Wheeler of GV will join the company's board of directors.

Veo Robotics is building the brains for robotic systems, bringing perception and intelligence to industrial automation so that humans and machines can work closely together. The company's first product uses a new class of intelligent algorithms running on parallel computing hardware and distributed 3D sensors to enable safe, close human collaboration with large, powerful industrial robots. The new funding will allow Veo to accelerate hiring in computer vision, engineering, product management and systems engineering roles, as well as support product development... READ MORE