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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
