Maven Robotics raises $100m Series A to scale industrial robot production
The company will produce its third-generation fleet and develop a fourth-generation robot for palletising, tote handling and broader materials movement.
Robots for changing warehouse and factory work
Maven Robotics builds autonomous machines that combine mobility, manipulation and onboard AI for materials-handling tasks such as mixed-case palletising and tote movement. The robots are designed to work at customer sites on varied physical workflows, with company-reported operations of up to 16 hours a day and reliability above 99%.
The $100 million Series A will fund production of Maven’s third-generation fleet and development of a fourth generation as the company expands beyond its initial tasks. Shorooq and Presight joined the round alongside RoboStrategy, LocalGlobe, Vine Ventures and XTX Ventures, connecting the company’s US industrial-robotics expansion with investors focused on AI and deep technology.
Use of funds
Produce the third-generation robot fleet
Develop the fourth-generation robot
Expand into broader materials handling