Symbotic acquires Veo Robotics assets for $8.7M
Symbotic acquired substantially all Veo Robotics assets, including the FreeMove intelligent robot-safeguarding system and related intellectual property. Symbotic's filing records an $8.7 million total purchase price and classifies the transaction as an asset acquisition.
Why it matters
Symbotic acquired Veo Robotics and its FreeMove intelligent 3D robot safeguarding system.
Verified eventVeo RoboticsAug 9, 2024
Evidence notes
- The transaction closed on July 19, 2024 and was valued at USD 8.7 million.
- Symbotic planned to integrate Veo’s patented safety technology into collaborative industrial robot workcells.