Veo Robotics lands $29 million investment round

Veo Robotics, a startup offering intelligent safeguarding for industrial robots, announced today that it has newly closed funding from the Amazon Industrial Innovation Fund, Safar Partners, and Yamaha Motor Ventures for a total of $14 million. The full investment round including earlier closings totals $29 million.

This funding will accelerate Veo’s strategy of working with selected corporate partners to deploy a new class of efficient and collaborative, human-in-the-loop robotic solutions enabled by Veo’s proprietary safety technology, the company added.

“The newest generation of intelligent robotic systems work with people, not separately 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 be taking this next step.”

“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 both robots and employees provide maximum flexibility and ROI for our customers in manufacturing and logistics,” added 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.”

Matt Peterson, Director at Amazon’s Industrial Innovation Fund, commented, “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 their vision to design innovative and human-centric robotics.”