What Veo Robotics does

Veo Robotics was a privately held industrial robotics company founded in 2016 and based in Waltham, Massachusetts. The company developed the FreeMove 3D depth-sensing computer vision system, an intelligent safeguarding platform designed to enable safe, real-time human-machine collaboration in dynamic industrial and warehouse workcells. FreeMove provided industrial robots with 3D spatial awareness and collision-avoidance capability, addressing the safety and inflexibility limitations of traditional fenced robotic systems. Veo served the industrial automation and warehouse robotics segment, positioning its technology as a vision-guided enabling layer for collaborative robot deployments.

The company's go-to-market targeted industrial automation customers and warehouse operators seeking to deploy robots alongside human workers in flexible, dynamic environments. Pricing and commercial terms were not publicly disclosed. Veo raised approximately $57M across six funding rounds from 2016 to 2023, with strategic investors including Google Ventures, Baidu Ventures, Lux Capital, Amazon Industrial Innovation Fund, and Yamaha Motor Ventures.

On July 19, 2024, Symbotic Inc. (Nasdaq: SYM) acquired substantially all assets of Veo Robotics, including the FreeMove system and related intellectual property, for $8.7 million in an asset purchase. The technology is being integrated into Symbotic's end-to-end warehouse automation platform to support safer, more flexible human-machine collaboration. Veo Robotics no longer operates as an independent entity.

Name

Veo Robotics

Legal name

Veo Robotics

Website

https://veobot.com

Company type

Private

Founded year

2016

Operating status

Acquired

Headcount range

11–50 employees

Short description

Veo Robotics developed the FreeMove 3D depth-sensing computer vision system for intelligent safeguarding of industrial robots, enabling safe human-machine collaboration in warehouse and industrial automation workcells. Acquired by Symbotic in July 2024.

Ownership category

akta.pro rank

Product category

Industrial Robotics Safety

NAICS

Other Measuring and Controlling Device Manufacturing (334519)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Industrial Robotics & Cobots (IMAIAMAB)

akta.pro secondary industries

Machine Vision & Industrial Imaging Systems (IMAHAHAE), Robot Hardware, Actuators & Components (sensors, grippers, motors) (HDAAAIAL), Collaborative Robots (Cobots) (IMAHAHAB)

Keywords

• Industrial robotics safety
• Collaborative robotics
• Computer vision systems
• Warehouse automation
• Human-machine collaboration

Headquarters

HQ city

Waltham

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Core offering

Veo Robotics developed the FreeMove 3D depth-sensing computer vision system, an intelligent safeguarding solution for industrial robots. The system enables safe, dynamic human-machine collaboration in vision-guided workcells by detecting human presence in real time and modulating robot behavior accordingly. The technology was deployed primarily in warehouse and distribution center automation contexts, allowing industrial robots to operate flexibly alongside human workers.

Product overview

Veo Robotics was a robotics company specializing in intelligent safeguarding solutions for industrial robots. The company's primary product was the FreeMove 3D depth-sensing computer vision system, which enabled industrial robots to safely collaborate with humans in dynamic work environments. Veo Robotics was acquired by Symbotic Inc. in July 2024 for $8.7 million.

Differentiator

Problem solved

Functional benefit

Products and services

• FreeMove 3D depth-sensing computer vision system providing intelligent safeguarding for industrial robots, enabling safe human-machine collaboration in dynamic warehouse environments.

Quantifiable outcome

• Acquired by Symbotic for $8.7 million to enhance human-robot collaboration capabilities in warehouse automation

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Partnerships

One partnership is on record.

• Symbotic Inc.coreTechnology or Integration · 19 July 2024Symbotic Inc. (Nasdaq: SYM) acquired substantially all assets of Veo Robotics, including the FreeMove 3D depth-sensing computer vision system and related intellectual property, for $8.7 million in an asset purchase. The acquired technology is being integrated into Symbotic's warehouse robotics platform to enhance safety and enable more flexible human-machine collaboration in dynamic, vision-guided workcells.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• ABB Robotics: Major industrial robot maker offering the YuMi cobot line and SafeMove safety software. Directly comparable to Veo in the collaborative robotics safety stack and serves overlapping industrial and logistics customers.
• KUKA: German industrial robot and automation solutions provider with collaborative robot offerings (LBR iiwa). Comparable to Veo across the industrial robot safety and human-collaboration stack.
• Yaskawa (Motoman): Major industrial robot manufacturer with collaborative robot offerings and integrated safety functionality. Comparable to Veo as an incumbent covering similar industrial automation use cases.
• FANUC: One of the largest industrial robot manufacturers globally, offering articulated robots with certified collaborative modes and vision packages. Comparable as a broad incumbent competing for the same industrial automation budgets as Veo's safeguarding technology.

Others

• Symbotic: Acquirer of Veo Robotics' assets in July 2024 for $8.7M. Comparable as the strategic owner integrating FreeMove into its warehouse robotics platform, defining where Veo's technology is deployed going forward.
• SICK AG: Leading manufacturer of industrial safety sensors and machine vision systems. Comparable to Veo as an enabler/supplier of safety and perception technology integrated with industrial robots and automation systems.

Direct peers

• Realtime Robotics: Specializes in real-time motion planning and collision avoidance for industrial robots. Directly comparable to Veo as a software/control company enabling safe, dynamic human-robot collaboration in industrial workcells.
• Plus One Robotics: Vision-guided robotics software for parcel handling and warehouse automation. Comparable to Veo in applying 3D perception and AI to enable robots to operate alongside humans in dynamic logistics environments.
• Mobile Industrial Robots (MiR): Manufacturer of collaborative autonomous mobile robots for warehouses and factories, focused on safe human-robot coexistence. Comparable to Veo in addressing flexible, dynamic workcell automation in industrial environments.
• Universal Robots: Market leader in collaborative robots (cobots) with built-in safety features for human-robot collaboration. Directly comparable to Veo because both target safe, flexible human-robot workcells, although Universal Robots integrates safety natively into the robot rather than as a third-party vision layer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/veobot
• LinkedInlinkedin.com/company/10932250

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds5 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veo Robotics