The warehouse robotics market is on the upswing. In point of fact, analysts at Allied Market Research anticipate it’ll reach $5.186 billion by 2023 as tasks like pick-place, packaging, transportation, packaging, and palletizing become increasingly automated. A recent survey published by EyeForTransport reflects this — it revealed an 18% year-over-year increase in the testing of warehouse robotics, with 25% of the 100 companies surveyed revealing that they piloted robots in a limited number of warehouses in 2019.
Perhaps it’s no surprise, then, that firms like Vecna Robotics haven’t had trouble attracting investors. The Waltham, Massachusetts-based workflow orchestration and self-driving forklift provider today that it’s raised $50 million in series B financing led by Blackhorn Ventures, with participation from new backers Highland Capital and Fontinalis Partners