Industrial automation startup Vecna Robotics raises $14.5M, appoints new CEO
Summary
Vecna Robotics Inc., a supplier of automation equipment for factories and warehouses, has secured $14.5 million in funding from existing investors.The startup disclosed the raise today in conjunction with the appointment of Karl Iagnemma as chief executive. We are confident that his extensive network will be instrumental in forging key strategic partnerships, securing the companys long-term leadership in the market.Vecna offers four robots that streamline the task of moving merchandise from one part of an industrial facility to another. According to Vecna, built-in artificial intelligence software enables the machines to find the fastest path to their destination automatically and maneuver around any obstacles that may be in the way.The companys first robot is an autonomous forklift that can cover up to 6.7 miles per hour. Vecna also offers a pallet jack, a compact robot designed for situations where a worker needs to move a relatively small quality of goods up to two hundred feet.The companys machines are connected to a backend management platform called Pivotal. Vecna plans to place an emphasis on addressing the requirements of customers in the automotive, general manufacturing and high-volume warehousing segments.Your vote of support is important to us and it helps us keep the content FREE.