Vecna Robotics

Mobile Robots Market (AGV and AMR) to reach ~$20B TAM by 2028 with an installed base of 2,700,000 Mobile Robots - LogisticsIQ

Retrieved on: 
Wednesday, January 31, 2024

Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.

Key Points: 
  • Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.
  • United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.
  • Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage.
  • Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.

Mobile Robots Market (AGV and AMR) to reach ~$20B TAM by 2028 with an installed base of 2,700,000 Mobile Robots - LogisticsIQ

Retrieved on: 
Wednesday, January 31, 2024

Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.

Key Points: 
  • Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.
  • United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.
  • Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage.
  • Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.

Vecna Robotics Announces Performance Guarantee to Simplify Warehouse Automation Adoption

Retrieved on: 
Thursday, November 2, 2023

Vecna Robotics, the leader in flexible material handling automation solutions, today announced a performance guarantee to provide a low-risk onramp for automation newcomers and to simplify the rapid deployment of mobile robots in warehouse and manufacturing facilities across the country.

Key Points: 
  • Vecna Robotics, the leader in flexible material handling automation solutions, today announced a performance guarantee to provide a low-risk onramp for automation newcomers and to simplify the rapid deployment of mobile robots in warehouse and manufacturing facilities across the country.
  • Vecna Robotics’ performance guarantee is designed to quell those concerns by giving operators the opportunity to evaluate systems first-hand, in the field.
  • “Executives in warehousing and distribution are telling us that they need to get automation projects approved, funded, and deployed more quickly,” said Craig Malloy, CEO at Vecna Robotics.
  • And now, an investment in a Vecna Robotics system will be underwritten by a customer-defined performance guarantee.

Two Vecna Robotics Leaders Recognized as 2023 Women in Supply Chain Winners for Outstanding Contributions to Software Innovation and Operations Excellence

Retrieved on: 
Thursday, October 12, 2023

Vecna Robotics, the leader in flexible material handling automation solutions, today announced that two of its leaders – Nikki Slaughter and Janani Mohan – have been named Supply and Demand Chain Executive and Food Logistics’ 2023 Women in Supply Chain Award winners for their contributions in software and mentorship.

Key Points: 
  • Vecna Robotics, the leader in flexible material handling automation solutions, today announced that two of its leaders – Nikki Slaughter and Janani Mohan – have been named Supply and Demand Chain Executive and Food Logistics’ 2023 Women in Supply Chain Award winners for their contributions in software and mentorship.
  • This award honors female supply chain executives whose accomplishments, mentorship, and examples set a foundation for women in all levels of a company’s supply chain network.
  • “We are thrilled to honor the impact these professionals have had on both critical business processes and the wider supply chain industry,” said Craig Malloy, CEO of Vecna Robotics.
  • To learn more about how Vecna Robotics can automate your critical operations workflows, go to www.vecnarobotics.com .

BetterVet Launches its Corporate Pet Wellness Benefits Solution, BetterVet for Business

Retrieved on: 
Wednesday, August 23, 2023

BOSTON, Aug. 23, 2023 /PRNewswire/ -- Mobile veterinary care industry leader, BetterVet, has formally launched its corporate program, BetterVet for Business. The program empowers companies to offer their employees comprehensive pet wellness benefits, which provide convenient, high-quality veterinary services, telehealth, and telemedicine from the comfort of their homes. 

Key Points: 
  • BetterVet for Business serves dozens of companies across the U.S., including Vecna Robotics, Tracelink, and Citadel
    BOSTON, Aug. 23, 2023 /PRNewswire/ -- Mobile veterinary care industry leader, BetterVet , has formally launched its corporate program, BetterVet for Business .
  • The program empowers companies to offer their employees comprehensive pet wellness benefits, which provide convenient, high-quality veterinary services, telehealth, and telemedicine from the comfort of their homes.
  • "We are thrilled to be launching our new corporate pet wellness platform," said BetterVet CEO and Founder Bruce Herzfelder.
  • To learn more about BetterVet for Business and their corporate partnership promotions, visit www.bettervet.com/employers .

Olis Robotics Secures $4M Funding to Meet Surging Demand for Remote Robot Management

Retrieved on: 
Friday, August 11, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230811999559/en/
    The Olis Connect system allows a user to monitor, diagnose, and remotely control robots from anywhere.
  • (Photo: Business Wire)
    By safely enabling remote monitoring, control, and troubleshooting of industrial robots, Olis Robotics’ unique ‘Olis Connect’ system significantly improves Overall Equipment Effectiveness (OEE), effectively addressing costly robot downtime.
  • With its new funding, Olis is adding support for additional robot brands representing more than half of all industrial robots.
  • Leveraging the Olis Robotics team’s expertise in industrial robot safety, Olis Connect is designed to provide remote access without violating the robot’s existing safety permissions and restrictions.

Automated Storage & Retrieval System Revenues to Surpass US$15 Billion by 2030 as Supply Chains Aim to Resolve Exposed Weaknesses

Retrieved on: 
Tuesday, July 18, 2023

NEW YORK, July 18, 2023 /PRNewswire/ -- Investment in warehouse automation and management systems continues to rise as supply chains look to resolve exposed weaknesses and create greater resilience to macroeconomic headwinds. According to global technology intelligence firm ABI Research, Automated Storage & Retrieval System (AS/RS) revenues are expected to surpass US$15 billion globally by 2030, and Warehouse Management System (WMS) revenues are expected to exceed US$10 billion by the same period.

Key Points: 
  • According to global technology intelligence firm ABI Research, Automated Storage & Retrieval System (AS/RS) revenues are expected to surpass US$15 billion globally by 2030, and Warehouse Management System (WMS) revenues are expected to exceed US$10 billion by the same period.
  • "Global supply chain challenges over the last three years have highlighted the need for digitalization and a deeper restructuring of inventory management.
  • This report is part of the company's Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights.
  • Market Data spreadsheets comprise deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.

Automated Storage & Retrieval System Revenues to Surpass US$15 Billion by 2030 as Supply Chains Aim to Resolve Exposed Weaknesses

Retrieved on: 
Tuesday, July 18, 2023

NEW YORK, July 18, 2023 /PRNewswire/ -- Investment in warehouse automation and management systems continues to rise as supply chains look to resolve exposed weaknesses and create greater resilience to macroeconomic headwinds. According to global technology intelligence firm ABI Research, Automated Storage & Retrieval System (AS/RS) revenues are expected to surpass US$15 billion globally by 2030, and Warehouse Management System (WMS) revenues are expected to exceed US$10 billion by the same period.

Key Points: 
  • According to global technology intelligence firm ABI Research, Automated Storage & Retrieval System (AS/RS) revenues are expected to surpass US$15 billion globally by 2030, and Warehouse Management System (WMS) revenues are expected to exceed US$10 billion by the same period.
  • "Global supply chain challenges over the last three years have highlighted the need for digitalization and a deeper restructuring of inventory management.
  • This report is part of the company's Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights.
  • Market Data spreadsheets comprise deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.

Ouster Exceeds Q1 2023 Revenue Guidance; Increases Target for Merger Cost Synergies

Retrieved on: 
Thursday, May 11, 2023

First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.

Key Points: 
  • First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.
  • 1 First quarter 2023 revenues include $6.4 million in revenue from Velodyne products following the merger but exclude revenues from Velodyne products prior to the merger on February 10, 2023.
  • Merger Integration: Ouster expects to realize annualized costs synergies greater than previously announced; now targeting $80 to $85 million exiting the fourth quarter of 2023.
  • For the second quarter of 2023, the first full quarter post-merger, Ouster expects to achieve $18 million to $20 million in revenue.

GEODIS Nearly Doubles Case Picking Throughput with Vecna Robotics Solution

Retrieved on: 
Tuesday, March 14, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230313005840/en/
    GEODIS Nearly Doubles Case Picking Throughput with Vecna Robotics Solution (Photo: Business Wire)
    “Our engagement with GEODIS is a true advancement in material handling innovation,” said Anthony Moschella, SVP of Product Management at Vecna Robotics.
  • Together, GEODIS and Vecna Robotics are rethinking case picking workflows to better optimize the unique ways robots and humans operate separately and together.
  • Since deploying the Vecna Robotics AMR solution at the Indianapolis campus, GEODIS has realized a productivity gain of more than 1.7x.
  • For more information on how the Vecna Robotics system can help maximize your throughput, visit https://www.vecnarobotics.com/the-vecna-system/vecna-autonomous-mobile-r....