Robotics safety firm Veo raises $29 million, with help from Amazon
Summary
Simply put, the Massachusetts-based firm builds software solutions designed to help humans and robots coexist in a working space.Today, the startup announced that it has closed a $29 million Series B. The retail behemoth participated by way of the $1 billion Industrial Innovation Fund it announced almost exactly a year ago. Its easy to view these investments as a kind of trial run for potential acquisitions, though the company has largely denied that it uses the money as an on-boarding process. That said, it is certainly a vote of confidence and, at the very least, probably an indication that the company will begin piloting this technology in its own workspaces assuming it hasnt already. More recently, however, the company has began branching out in systems like the autonomous Proteus, which allow for closer human-robot interaction.As investors, we were drawn to Veo Robotics focus on safety in the workplace, says Industrial Innovation Fund director, Matt Peterson.