Karl Iagnemma, a renowned pioneer in the autonomous vehicle industry, has joined Vecna Robotics as CEO. Iagnemma, who recently stepped down as president and CEO of Hyundai-backed Motional, brings his expertise in autonomy to the Massachusetts-based startup, which focuses on using robots to handle materials in warehouses.

Vecna Robotics also announced that it has raised an additional $14.5 million in funding from existing investors, bringing its total funding to $179 million. The new capital will be used to accelerate the development of its automation technology and improve its products for the automotive, general manufacturing, and high-volume warehousing industries.

Iagnemma sees significant opportunities for Vecna to scale commercially, citing the massive market opportunity and little market penetration in automation logistics. He draws parallels between the current state of robotaxis and the potential for automation in material handling and logistics. With his experience in autonomy and Vecna's cutting-edge technology, Iagnemma is poised to drive growth and innovation in the industry.

Iagnemma's move to Vecna Robotics marks a new chapter in his career, following his departure from Motional, where he played a key role in the development of autonomous vehicle technology. His new role is a testament to his commitment to advancing autonomy and its applications in various industries.