Vecna Robotics raises $14.5M and taps former Motional CEO to lead startup

Quick Summary:

Karl Iagnemma, an early pioneer in the autonomous vehicle industry who recently stepped down as president and CEO from Hyundai-backed Motional, is back in the AV and robotics game.

Vecna Robotics, a Massachusetts-based startup that uses robots to handle materials in warehouses, has hired Iagnemma as CEO.

He saw promise in that startup early on; Iagnemma was an angel investor in Vecna in 2020.

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Article Details

Author / Journalist: Kirsten Korosec

Category: Technology

Markets: United States

Topics: Autonomous vehicles Vecna robotics Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 14:59:13 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23572260

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