The robotics systems developer will use the proceeds from the Alphabet and Siemens-backed round to fund product development.
US-based robotics systems developer Veo Robotics has closed a $12m series A round featuring the corporate venturing units of internet and technology conglomerate Alphabet and industrial product manufacturer Siemens.
Alphabet subsidiary GV co-led the round with venture capital firm Lux Capital, while Siemens participated through Next47, the investment arm that had provided Veo with an undisclosed amount of seed funding in 2016.
Veo was founded in 2016 and develops intelligent, human-aware systems for industrial robotics that allow human workers and…
