Series A · Robotics
Maven Robotics raises $100m Series A to scale robot production
The financing supports production of Maven’s third-generation fleet and development of its fourth generation.
Shorooq and Presight invested through funds managed by Shorooq, alongside RoboStrategy, LocalGlobe, Vine Ventures and XTX Ventures. Individual investment amounts were not disclosed.
Maven plans to expand from mixed-case palletising and tote handling into broader materials-handling applications. It already has robots operating at customer sites and reports operations of up to 16 hours per day with reliability above 99%.
Use of funds
Produce the third-generation robot fleet
Develop the fourth-generation robot
Expand into broader materials handling
Funding history
Series A · This round$100M