Maven Robotics Raises $100 Million to Build 250 Warehouse Robots
Updated
Updated · TechCrunch · Sep 10
Maven Robotics Raises $100 Million to Build 250 Warehouse Robots
1 articles · Updated · TechCrunch · Sep 10
Summary
$100 million in new funding is taking Maven Robotics out of stealth, with the startup planning to manufacture 250 third-generation robots and start designing a fourth-generation platform.
Two years of deployments with a large consumer-goods customer and other partners helped drive the raise; Maven says up to eight robots are already operating 16 hours a day with 99%-plus uptime.
Maven’s wheeled robots—moving up to 10 mph and lifting 30 kilograms with two arms—focus on mixed palletizing, automating warehouse work that is still largely done by human pickers.
CEO Hamza Derbas, a former Apple special projects engineer, is positioning Maven as an industrial-systems company that solves end-to-end workflows rather than chasing a single robot form factor.
The company sees palletization alone as an $80 billion market, but its broader push into materials handling, automation and fabrication will require more data and new manipulation capabilities.