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Vecna Robotics Announces $65 Million In Series C Funding

PRIVATEJan 26, 2022

Amount Raised

$65 Million

Round Type

Series C

WalthamManufacturingInformation TechnologySoftwareScience And Engineering

Description

Vecna Robotics, the leader in flexible material handling automation, today announced a $65 million Series C funding round led by Tiger Global Management, along with additional funding from new investors Lineage Logistics, Proficio Capital Partners, and IMPULSE. The new financing will help fund the company’s technology roadmap with new autonomous mobile robots (AMR) and software, and will accelerate fulfillment of new orders and expanded operations to address the $165B market opportunity for pallet-moving autonomy.

Company Information

Company

Vecna Robotics

Location

425 WAVERLEY OAKS ROAD

Waltham, Massachusetts, United States

About

Vecna Robotics delivers Automated Material Handling, Hybrid Fulfillment, and Workflow Optimization solutions featuring self-driving vehicles operated by our learning Autonomy Stack. Our solutions deliver value for customers in the distribution, e-commerce, warehousing, and manufacturing sectors. Our unique orchestration engine technology, Pivot.al, allows diverse robot types and humans to work together seamlessly and to flexibly yield an adaptive business solution, capable of meeting the increasingly unpredictable market needs.

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