Startup Gets Ready for Factory Robots Working Alongside Humans

Veo Robotics Inc., a startup developing sensor technology that lets industrial robots work safely side-by-side with humans, closed a funding round as it prepares to roll out the product in May.

The company raised $15 million late last month, bringing total financing to around $28 million, co-founder and Chief Executive Officer Patrick Sobalvarro said in an interview. Veo’s proprietary technology uses lidar sensors to create real-time maps of factory work spaces, so that robots can slow or stop completely when human workers get too close.