Maven Robotics has raised $100 million in Series A funding to build robots that stack mixed-case pallets in warehouses and plants. RoboStrategy led the round. LocalGlobe, Vine Ventures and XTX Ventures also invested.
The Santa Clara company was founded in 2024 by brothers Hamza and Khalid Derbas. Hamza Derbas is CEO and spent nine years in Apple’s special projects group, according to TechCrunch. Khalid Derbas is CFO.
The robots move on wheeled bases at up to 10 miles an hour and have two arms that each lift about 66 pounds. Maven started with mixed-case palletizing and tote handling, which means building a pallet for one store or one order out of many different products. Maven estimates that market at $80 billion.
Maven’s robots run autonomously across multiple shifts a day at a Fortune 250 consumer packaged goods company. Maven won that contract in 2024 against four other robot companies. As many as eight robots run 16 hours a day at 99% uptime or better across that customer and a few other partners, TechCrunch reported. Retailers change the product mix on a pallet within 48 hours of stock reaching the shelf, Derbas said, which is why the job is hard to automate with fixed equipment.
The money will fund 250 third-generation robots and the design of a fourth generation.
Maven is the fifth industrial robotics company to raise $85 million or more in the past three months. Standard Bots raised $200 million, THEKER $85 million, NEURA $1.4 billion and Humanoid $152 million. RoboStrategy led the Standard Bots round as well.
Agility Robotics, which makes a two-legged warehouse robot called Digit, is going public at a $2.5 billion valuation with four named paying customers and 65,000 hours of operation. Derbas told TechCrunch that two-legged robots are “very complex, unreliable, and add unnecessary cost.”
Maven expects to reach 100,000 hours of autonomous operation by the end of this year and 1 million by the end of 2027.
