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Vecna Robotics raises $14.5M and taps former Motional CEO to lead startup
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
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. The robotics startup, which has developed autonomous pallet movers such as forklifts as well as software to help companies manage operations, also said Wednesday it has raised another $14.5 million in funding from existing investors. Motional has made progress but faced an existential moment earlier this year when Aptiv — the other half of the joint venture — said it would no longer allocate capital toward the endeavor.
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