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. There are more than 2 million industrial robots in operation worldwide, mostly toiling inside metal safety cages.
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