Maven Robotics lands $100M to deploy 250 robots

maven robotics, a startup founded by hamza derbas and his brother khalid, emerged from stealth after raising $100 million from investors including robostrategy and localglobe. the company plans to build 250 of its third-generation robots, which are designed for mixed palletizing tasks in warehouses. these robots can move at 10 miles per hour, lift up to 30 kilograms with two arms, and work 16 hours a day with 99% uptime. maven robotics' approach focuses on integrating with warehouse management systems and providing end-to-end autonomous solutions for logistics needs. the company aims to compete with other industrial robotics firms, such as agility, which is going public in a $2.4 billion spac deal.