Vecna Robotics Closes $100 Million In Series C Funding To Streamline And Automate Warehouse Workflows

 


Vecna Robotics has successfully closed its Series C funding round with $100 million, including $40 million in new equity and debt financing. This significant investment, led by Tiger Global Management, Proficio Capital Partners, and IMPULSE, marks a substantial increase in the company’s valuation. The funds will primarily fuel the development of new, workflow-specific innovations aimed at enhancing ROI for warehouse operators in the $165 billion pallet-moving autonomy market. Additionally, Vecna Robotics has appointed Michael Helmbrecht as Chief Operating Officer to support its accelerated growth.

Craig Malloy, CEO of Vecna Robotics, expressed confidence in the company’s trajectory, emphasizing that the new capital will enable them to drive growth through improved product performance and the introduction of groundbreaking automation technologies. Recent enhancements in cloud software and investments in their PivotalTM Command Center have already delivered significant efficiency gains in warehouse workflows like case picking and cross-docking, benefitting customers such as GEODIS and FedEx.

Read More - https://www.techdogs.com/tech-news/business-wire/vecna-robotics-closes-100-million-in-series-c-funding-to-streamline-and-automate-warehouse-workflows

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