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Veo Robotics introduced that it has closed a $29 million funding spherical. The spherical consists of the corporate’s newest funding from the Amazon Industrial Innovation Fund, Safar Partners and Yamaha Motor Ventures, which totaled $14 million, and a $15 million funding spherical from final yr.
Veo hopes that the funding will speed up its technique of working with choose company companions to deploy a brand new class of environment friendly and collaborative, human-in-the-loop robotic programs enabled by Veo’s proprietary security know-how.
“The newest generation of intelligent robotic systems work with people, not separately from them,” Clara Vu, co-founder and CTO of Veo, stated. “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.”
FreeMove, Veo’s flagship product, is a complete 3D safeguarding resolution that reduces the fee and complexity of human-robot collaboration. The product has acquired practical security certification to Performance Level D, that means FreeMove allows people to work carefully with the total vary of business robots from FANUC, Yaskawa Motoman, ABB, Kawasaki and Kuka.
FreeMove’s sensors are positioned on the periphery of an industrial robotic work cell to seize wealthy picture knowledge of the complete house. The FreeMove Engine then makes use of 3D knowledge to determine the work cell, together with the robotic, workpiece, human and occlusions to be able to monitor and calculate all doable future states.
If an individual will get nearer to a robotic than the system’s Protective Separation Distance (PSD), then FreeMove alerts the robotic to cease. Once the particular person steps out of the PSD and the violation is cleared, the system permits the robotic to securely restart.
“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,” Patrick Sobalvarro, co-founder and CEO of Veo Robotics, stated. “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.”
“As investors, we were drawn to Veo Robotics’ focus on safety in the workplace,” Matt Peterson, Director at Amazon’s Industrial Innovation Fund, stated. “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.”