Vecna Robotics Looks To The Future With New Investment, New Leadership And New Direction
Vecna Robotics now a standalone company, separates from Vecna Technologies
Nov 28, 2018, 10:10 ET
CAMBRIDGE, Mass., Nov. 28, 2018 /PRNewswire/ -- Vecna Robotics, a leader in autonomous material handling, recently separated from Vecna Technologies, creating distinct companies. As a standalone business, Vecna Robotics plans to play a major role in the coming transformation of industrial automation and robotics. Powering this transformation, Vecna Robotics finalized an investment led by Drive Capital this summer to chart a new direction that will maximize both robotics and human workflow in the industrial sector.
The New Vecna Robotics
The separation allows Vecna Robotics to focus on developing innovative, adaptive, future-proof hardware and software solutions in warehouse and industrial automation. Moving Vecna Robotics to a standalone business allows for a concerted effort on revolutionizing the assembly line mentality of warehouses and manufacturers. Now, with e-commerce on the rise and ever-changing demands on the industry to be efficient, Vecna Robotics is focusing on providing smarter solutions in warehouses to optimize workflow, empower humans with smarter technology, and create long-term value for customers and investors.
New Leadership
Dan Patt joined as CEO in January to lead Vecna Robotics as it continues to pioneer cutting-edge technology for the industrial sector.
"This is the cusp of the most exciting time in robotics industry history, and I want Vecna Robotics to represent everything positive that can help industry improve productivity while giving flexibility and opportunities to an engaged workforce," said Patt, "We're passionate about developing solutions for distribution, retail, and manufacturing industries that integrate people and robots to increase efficiency. With our new direction, we're able to bring a fresh take on robotics to the industry while still retaining our legacy of research and experience."
Vecna's self-driving vehicles can collect data, analyze surroundings, and dynamically react to obstacles or unforseen events. This technology makes Vecna Robotics' solutions more efficient and effective over time, creating a continuous improvement cycle.
New Investment
Drive Capital's investment propels Vecna Robotics into the next phase of production and innovation as it scales to meet growing demand for its automated material handling, hybrid fulfillment, and workflow optimization solutions.
"Vecna Robotics is developing new technology that sets itself apart from other robotics providers," said Nick Solaro, partner at Drive Capital. "Their technology produces insights into how complex workflows between heterogeneous machines and people should be managed to enhance productivity."
To learn more about Vecna Robotics and its warehouse automation solutions, visit www.vecnarobotics.com.
About Vecna Robotics
Vecna Robotics delivers automated Material Handling, Hybrid Fulfillment, and Workflow Optimization solutions featuring self-driving vehicles operated by the learning Vecna Autonomy Stack. Our solutions deliver value for customers in the distribution, warehousing, and manufacturing sectors. Our technology goes beyond traditional automation and focuses on maximizing human and robot capability to create fulfilling jobs, increase productivity, and encourage innovation.
For more information visit www.vecnarobotics.com or contact [email protected] and follow them on twitter: @vecnarobotics
About Drive Capital
Drive Capital invests in innovative technology, healthcare and consumer companies in the Midwest. We are looking for innovative entrepreneurs addressing big market opportunities. Our goal is to partner with entrepreneurs that have audacious goals and strive to build large sustainable companies. For more information, please visit www.DriveCapital.com.
SOURCE Vecna Robotics