Vecna Robotics, a provider of flexible material handling automation solutions, has closed its Series C round at $100 million, with $40 million in new funding including equity and debt. This latest investment nearly doubles the company valuation from the previous round.
Tiger Global Management, Proficio Capital Partners, and IMPULSE participated in the round.
The cash infusion will be used to fund new workflow-specific innovations that enable the company to deliver rapid return on investment to cost conscious warehouse operators served by the $165 billion pallet-moving autonomy market. [Read more…] about Vecna Robotics closes $100 million in Series C funding