Maven Robotics emerges with $100 million for industrial robots

Maven Robotics came out of stealth with a $100 million Series A from RoboStrategy, LocalGlobe, Vine Ventures and XTX Ventures, TechCrunch reported. The company plans to build 250 of its third-generation robots and start designing a fourth generation.

CEO Hamza Derbas, who founded Maven in 2024 with his brother Khalid, won an early deal with a large consumer goods company by studying its warehouses before pitching. After two years, he said, up to eight Maven robots work 16 hours a day there with uptime of 99% or better.

The robots ride on wheeled bases that can travel 10 miles an hour and have two arms that can lift up to 30 kilograms. Their main job is mixed palletizing: using vacuum grippers to build store-bound pallets that combine goods from different factories. Derbas said legs add cost and complexity without paying off for that kind of work.

Next, Maven wants to collect more data so its robots can handle materials and eventually move into fabrication. Derbas said the company will take on one customer problem at a time rather than race to build models.