Vecna Robotics Closes $100 Million in Series C Funding to Streamline and Automate Warehouse Workflows

Vecna Robotics, a leading provider of adaptable material handling automation solutions, has successfully closed its Series C funding round, raising $100 million. This includes $40 million in new equity and debt financing, which has nearly doubled the company's valuation compared to its previous round. The funding round saw participation from Tiger Global Management, Proficio Capital Partners, and IMPULSE.

Vecna Robotics plans to use the recent cash infusion to fund new workflow-specific innovations, aiming to provide quick ROI for cost-conscious warehouse operators in the $165 billion pallet-moving autonomy market. To support its rapid growth, the company has also appointed Michael Helmbrecht as its new Chief Operating Officer.

“Finalizing this capital raise, with the help of our existing investors and a new financing partner is huge validation that we are on the right track,” said Craig Malloy, CEO at Vecna Robotics. “With fresh capital secured, we have the balance sheet to help us drive growth with our existing customers through improved product performance and the release of new automation technology that will change the game for 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 clients such as GEODIS, FedEx, Caterpillar, and Shape achieve up to 70% performance gains in warehouse operations like case picking, packaging, and cross-docking. The new funding will support the introduction of next-generation platforms, enabling greater deployment flexibility and access to high-demand workflows while continuing to deliver cost savings from day one.

“GEODIS has been working with Vecna Robotics on the development of a new, groundbreaking case picking solution that nearly doubles performance,” said Andy Johnston, Senior Director of Innovation at GEODIS. “We are counting on this recent cash infusion at the company to speed up development and launch of a complete, market-ready offering that can be deployed right away.”

Helmbrecht, who has held leadership roles at Dell, Lifesize, and RingCentral, brings nearly 20 years of experience in operations, product, and partnerships to Vecna Robotics. His role will be crucial as the company continues its growth, which has included triple-digit revenue growth, a 100% increase in deployments, and the successful launch of an industry-leading performance guarantee. He will oversee operations, manufacturing, IT, product development, and customer success to ensure the company continues meeting its performance commitments to customers.