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Robot Warehouse Worker Startup Lands A Hundred Million Dollars

June 21, 2024
x min read

The robot revolution is coming to disrupt warehouses next.

What’s happening:

  • Vecna Robotics has announced they have raised $100M USD in a new Series C financing round
  • The round saw notable participation from multiple venture capital funds including Tiger Global Management and Proficio Capital Partners

The big idea:

  • Vecna Robotics has built robotics that are purpose built for handling materials and transportation within warehouses
  • Venca Robotics has designed fully autonomous forklifts, pallet jacks and tuggers that are capable of operating without any human intervention

By the numbers:

  • The robots developed by Vecna Robotics operate for approximately $10.00 per hour and are remotely monitored 24 hours per day through their proprietary technology
  • All of the autonomous robotics designed by Vecna Robotics are capable of transporting payloads between 3000 and 10,000 pounds

Going deeper:

  • Vecna Robotics has already landed multiple notable partnerships with companies such as FedEx (NYSE: FDX), GE Appliances, PetCo (NASDAQ: WOOF) and others to operate their robotics within their warehouses

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