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Symbotic Inc., a provider of A.I.-enabled robotics technology for warehouse fulfillment processes, has announced it has acquired substantially all of the assets of Veo Robotics, a provider of intelligent safeguarding technology for industrial robots. Assets purchased under this $8.7 million deal include the FreeMove 3D depth-sensing computer vision system for industrial workcells and all related intellectual property.
By integrating FreeMove into its robotic warehouse automation system, Symbotic added it expects to increase productivity with more dynamic, flexible human-machine collaboration.
“The innovative FreeMove vision system allows Symbotic to enhance productivity for customers and provide the highest levels of safety in environments where humans interact with robots,” said Rick Cohen, Chairman and Chief Executive Officer of Symbotic. “We are pleased to have the former Veo Robotics team join Symbotic where they will continue this exciting work as they bring their talent, expertise, and cutting-edge technology to our company.”
The FreeMove system’s patented sensors and software monitor collaborative robot workcells to dynamically anticipate the future position of humans and objects within the robot’s environment and autonomously restrict or resume motion, ensuring worker safety without sacrificing efficiency, according to Symbotic.
The $8.7 million transaction closed on July 19, 2024.
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