Vecna Robotics Raises $50M in Financing

Vecna Robotics, a Waltham, Mass.-based workflow orchestration and self-driving forklift provider, raised $50m in Series B funding.

The round was led by Blackhorn Ventures, with participation from new investors Highland Capital and Fontinalis Partners, and additional funding from existing investors Drive Capital and Tectonic Ventures. With this investment, Trevor Zimmerman of Blackhorn Ventures and Bob Davis of Highland Capital will join Vecna Robotics’ Board of Directors.

The company intends to use the new funds to expand its presence and accelerate the development of new product offerings.

Led by Daniel Theobald, Founder and CEO, Vecna Robotics delivers autonomous material handling solutions via self-driving vehicles powered by proprietary continuously improving software, Pivotalâ„¢, and 24/7 customer service team. Its solutions are used by customers in the distribution, warehousing, and manufacturing sectors by automating cross-docking, line-side delivery, replenishment, case-picking, kitting, goods-to-person, person-to-good, and oversized/non-standard SKUs delivery. In the last year, the company deployed its robot and software solutions in many of the world’s leading distribution centers with deployments at FedEx Ground, Milton CAT, DHL Supply Chain, GEODIS, Medline and many others.

FinSMEs

07/01/2020

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