Vecna Robotics, the leader in flexible material handling automation solutions, has announced the close of its Series C round at $100 million. This includes $40 million in new funding through a mix of equity and debt, nearly doubling the company's valuation from the previous round. The funding round saw participation from Tiger Global Management, Proficio Capital Partners, and IMPULSE.
"Securing this capital raise, with the support of our existing investors and a new financing partner, is a significant validation that we are on the right path," said Craig Malloy, CEO of Vecna Robotics. "With this fresh capital, we have the balance sheet strength to drive growth with our current customers by enhancing product performance and releasing new automation technology that will revolutionize material handling in warehousing and distribution."
Over the past year, Vecna Robotics has combined cloud software updates and investments in its Pivotal™ Command Center to help customers such as GEODIS, FedEx, Caterpillar, and Shape achieve up to 70% performance improvements in ground-to-ground warehouse workflows like case picking, packaging, and cross-docking. This new funding will support the launch of next-generation platforms, offering greater deployment flexibility and addressing high-demand workflows while continuing to deliver operator cost savings from day one.
About Vecna Robotics Vecna Robotics is an award-winning company specializing in flexible, intelligent material handling automation solutions. Designed for seamless collaboration between autonomous mobile robots (AMR) and human labor, equipment, facilities, and systems, Vecna's self-driving forklifts, pallet jacks, and tuggers are powered by Pivotal™ orchestration software and a 24/7/365 Command Center. These solutions help distribution, warehousing, and manufacturing organizations achieve immediate cost savings by automating critical workflows and maximizing throughput at scale. For more information, visit www.vecnarobotics.com.
