Shorooq, the UAE-based multi-strategy investment firm, and Presight, a G42 company specializing in applied AI, have invested in Maven Robotics' $100 million Series A. The round also included RoboStrategy, LocalGlobe, Vine Ventures, and XTX Ventures.
Founded in 2024 by Hamza Derbas and headquartered in Santa Clara, California, Maven builds autonomous industrial robots for logistics and manufacturing. The company's robots handle mixed-case palletizing and tote handling — workflows representing an estimated $80 billion addressable market — and already run up to 16 hours a day at customer sites with reliability above 99 percent.
The funding will support production of Maven's third-generation robot fleet and development of a fourth generation, as the company expands from palletizing into broader materials-handling applications. Maven plans to build 250 of its third-generation machines.
The investment reflects a deliberate strategy by Shorooq and Presight to back AI companies moving intelligence from screens into physical operations. Bilal Baloch, Partner at Shorooq, said the first wave of AI reshaped information work, but "the next will reshape how the physical economy runs — and that is a far larger prize."
For Presight, the deal pairs capital with applied AI expertise and access to G42's compute ecosystem. Maven's CEO sees the Gulf as a launchpad: "We see the region as a node from where we can take our robots global."
