Maven Robotics raises $100M Series A and emerges from stealth
Maven Robotics raised a $100 million Series A led by RoboStrategy as it publicly launched with autonomous mixed-palletizing robots already operating at customer sites.
Evidence notes
- LocalGlobe, Vine Ventures and XTX Markets Ventures also participated in the round.
- Maven plans to build 250 third-generation robots and begin designing a fourth-generation platform.
- Chief executive Hamza Derbas said as many as eight robots are working 16-hour days with uptime of at least 99%.
Company overview
Wheeled dual-arm robots for mixed palletizing and industrial material handling.