Vecna Robotics Raises $50M to Make Warehouse Robots, Workflow Software
Summary
Vecna Robotics, a company that makes self-driving forklifts and an AI-powered productivity platform, announced today it raised $50 million in a Series B funding round. Vecna focuses on maximizing the workflow efficiency for everything from wholesale to warehousing with fully autonomous vehicles and Pivotal, an AI-based analytics and simulation software product. In the last year, Vecna has deployed its vehicles and software in some of the world’s leading distribution centers, including FedEx Ground, Medline and Milton CAT, in order to maximize their human-robot coordination, increase productivity and encourage innovation. Vecna announced it plans to use this most recent funding to scale its products and services to meet the growing demands of both a shrinking labor force and increased competitive pressures in the material handling industry. “A highly orchestrated solution that leverages the best of robots, manually operated equipment and the irreplaceable human factor is the key to long-term success of our customers,” Daniel Theobald, Vecna’s founder and CEO, said in a statement.