• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Sections A-Z
    • Agriculture
    • Aircraft
    • Artificial Intelligence
    • Automation
    • Autonomous vehicles
    • Business
    • Computing
    • Construction
    • Design
    • Drones
    • Economy
    • Energy
    • Engineering
    • Environment
    • Health
    • Humanoids
    • Industrial robots
    • Industry
    • Infrastructure
    • Investments
    • Logistics
    • Manufacturing
    • Marine
    • Material handling
    • Materials
    • Mining
    • Promoted
    • Research
    • Robotics
    • Science
    • Sensors
    • Service robots
    • Software
    • Space
    • Technology
    • Transportation
    • Warehouse robots
    • Wearables
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power

Veo Robotics named in CB Insights’ advanced manufacturing top 50

July 28, 2022 by David Edwards Leave a Comment

Business research website CB Insights has named Veo Robotics, the Waltham-based industrial automation company building sensing and intelligence for robots to collaborate with humans safely, to its first-annual Advanced Manufacturing 50 ranking, showcasing the 50 most promising private advanced manufacturing companies in the world.

Founded by Patrick Sobalvarro, Clara Vu, and Scott Denenberg, Veo has pioneered the creation of software and hardware that allow for fluid, efficient, and flexible production lines within manufacturing facilities.

Also making the list within the robotics and collaborative robots category were Rokae, Novarc Technologies, Linkwiz, Exotic, and Locus Robotics.

Brian Lee, SVP of CB Insights’ Intelligence Unit, says: “This initial cohort of the AM 50 includes a wide range of companies at different stages of maturity, product development, and funding.

“Collectively, they are working on everything from factory analytics and artificial intelligence to the industrial internet of things cybersecurity.

“We’re excited to watch the companies on this year’s list continue to grow and further create operational efficiencies that will have a meaningful impact across industries.”

Patrick Sobalvarro, co-founder and CEO of Veo Robotics, says: “We’re proud to be recognized by CB Insights for our technology’s ability to improve safety, productivity, and working conditions for manufacturers.

“As manufacturers have been challenged by the pandemic, supply chain constraints, and labor shortages over the last few years, they’ve only increased the number and use of industrial robots within their facilities.

“Veo’s FreeMove is the only product currently available with the safety design needed to now unlock the true power of human-robot collaboration on their facility floors.”

Utilizing the CB Insights platform, the research team picked 50 private market vendors from a pool of over 6,000 companies, including applicants and nominees.

They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty.

The research team also reviewed hundreds of analyst briefings submitted by applicants.

With human-robot collaboration rising for 6 out of 10 manufacturers in the last year as facilities turn to automation to supplement workers, Veo Robotics is providing advanced computer vision and 3D sensing to enable standard industrial robots to work safely alongside humans.

Specifically, the company’s flagship product FreeMove® uses dynamic speed and separation monitoring to automatically trigger a robot to stop as human co-workers move closer to the robot during operation. As a result, manufacturers can prioritize safety and productivity without sacrificing one for the other.

Quick facts on CB Insights’ AM 50:

  • Equity funding and deals: Since 2017, the 2022 AM 50 cohort has raised $6.9 billion+ from 369 investors, across 177 equity deals. In 2021 alone, companies in this cohort raised over $3.7 billion across 46 deals.
  • Unicorns: There are 12 companies with $1 billion+ valuations on the list.
  • Global Reach: Twenty-seven of the selected companies are headquartered in the US. Germany and Canada tied for second, with four winners each. Other countries home to at least one winner on this year’s list include India, China, France, South Korea, Finland, Japan, the Netherlands, Norway, South Africa, and the United Kingdom.
Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Industrial robots, News Tagged With: advanced, billion, cb, cohort, collaboration, companies, deals, equity, facilities, including, industrial, insights, intelligence, list, manufacturers, manufacturing, product, raised, robot, robotics, robots, safety, team, veo, year

Join the Robotics & Automation News community

Reader Interactions

You must log in to post a comment.

Primary Sidebar

Latest articles

  • Choosing a Robotic Spindle for Deburring
  • The Future of Modern Application Development with .NET
  • Here are 3 Ways That You Can Use Baking Soda for Office Cleaning
  • How to Get a Crypto Trading Bot
  • Beyond the CMS Norm: Embracing Customization in Online Media Management
  • Boosting Growth: Exploring ERP Solutions For Small Businesses
  • Unveiling the Power of Apple Gift Cards: Your Comprehensive Guide
  • Optimizing Your Plumbing Business: SEO Best Practices for Plumbers
  • The Profit Potential of Auction Homes: A Comprehensive Guide for Real Estate Investors
  • Elevator Shoes: Get the looks you want

Most Read

  • Snapchat Plus Planet Order 2023 Explained
    Snapchat Plus Planet Order 2023 Explained
  • Why is Money Important in Our Lives?
    Why is Money Important in Our Lives?
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Why is My Car Key Stuck in the Ignition?
    Why is My Car Key Stuck in the Ignition?
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • The Future of Personal Computers: What to Expect in the Next Decade
    The Future of Personal Computers: What to Expect in the Next Decade
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Siemens unveils its first virtual PLC and new automation products
    Siemens unveils its first virtual PLC and new automation products
  • 8 Best Neighborhoods in Franklin, Tennessee: Where to Live in Franklin
    8 Best Neighborhoods in Franklin, Tennessee: Where to Live in Franklin

Overused words

ai applications automated automation automotive autonomous business companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse work

Secondary Sidebar

Latest news

  • Choosing a Robotic Spindle for Deburring
  • The Future of Modern Application Development with .NET
  • Here are 3 Ways That You Can Use Baking Soda for Office Cleaning
  • How to Get a Crypto Trading Bot
  • Beyond the CMS Norm: Embracing Customization in Online Media Management
  • Boosting Growth: Exploring ERP Solutions For Small Businesses
  • Unveiling the Power of Apple Gift Cards: Your Comprehensive Guide
  • Optimizing Your Plumbing Business: SEO Best Practices for Plumbers
  • The Profit Potential of Auction Homes: A Comprehensive Guide for Real Estate Investors
  • Elevator Shoes: Get the looks you want

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun   Aug »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT