Veo Robotics
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Veo Robotics was a Boston-based robotics company developing FreeMove, a 3D depth-sensing computer vision system for safeguarding industrial workcells. FreeMove's patented sensors and software monitor collaborative robot workcells to dynamically anticipate the future position of humans and objects, autonomously restricting or resuming robot motion — the only intelligent 3D robotic safeguarding solution to meet EU safety standards (ISO 13849 PLd, Category 3). The company raised $57 million from investors including Siemens, Google Ventures and Lux Capital.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Veo Robotics was founded in Boston to develop intelligent safeguarding for industrial robots.
- Funding
The company raised a total of $57 million, including a $15 million Series A in 2019 and a Series B in 2021–2023, from Siemens, Google Ventures, Lux Capital, Baidu Ventures and others.
- Acquired by Symbotic
Symbotic acquired substantially all of the assets of Veo Robotics — including the FreeMove 3D depth-sensing system and all related intellectual property — in an $8.7 million transaction that closed on July 19, 2024; the former Veo team joined Symbotic.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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