Startup Veo Robotics named ‘Technology Pioneer’ by World Economic Forum

The World Economic Forum announced its selection of 100 of the most promising Technology Pioneers of 2020.

Many Technology Pioneers are using their tech to support Covid-19 responses around the world.

Veo Robotics, a startup company which develops software to enable industrial robots to work safely and efficiently alongside people to make manufacturing more flexible, was selected for its contributions in the field of industrial automation.

Veo Robotics is a Waltham, US-based company building technology to make industrial robots responsive to humans. It was selected among hundreds of candidates as one of the World Economic Forum’s Technology Pioneers.

Founded by Patrick Sobalvarro, Clara Vu, and Scott Denenberg, Veo Robotics is pioneering the creation of software and hardware that allow for efficient and safe human-machine interaction in manufacturing environments.

The World Economic Forum Technology Pioneers are early- to growth-stage companies from around the world that are involved in the design, development, and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.

The Technology Pioneers community is an integral part of The World Economic Forum’s larger Global Innovators community of startups.

As a result of Veo Robotics’ selection as a Technology Pioneer, CEO Patrick Sobalvarro will be invited to participate at The World Economic Forum activities, events, and discussions throughout the year.

Veo Robotics will also contribute to The World Economic Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.

Susan Nesbitt, head of the Global Innovators community at The World Economic Forum, says: “We’re excited to welcome Veo Robotics to our 20th cohort of Technology Pioneers.

“Veo Robotics and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”

Sobalvarro, co-founder and CEO of Veo Robotics, says: “We’re proud to be recognized as The World Economic Forum Technology Pioneer in 2020.

“With our technology, we aim to improve productivity, safety, and working conditions in factory environments through dynamic human-machine collaboration. The need for flexible automation in manufacturing is more important than ever in light of the Covid-19 pandemic.

“We look forward to contributing our expertise and perspective to The World Economic Forum dialogues on the inevitable transformation of the industry.”

This year’s cohort selection marks the 20th anniversary of the Technology Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names.

Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter, and Wikimedia.

2020 Technology Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology, and many more, and are based all around the world.

The diversity of these companies extends to their leadership as well; over 25 percent of the 2020 Technology Pioneers are led by women. The full list of Technology Pioneers can be found here.

This year’s Technology Pioneers were selected based on the community’s selection criteria, which includes innovation, impact, and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.