{
  "id": 10673330,
  "title": "Shorooq, Presight enter Maven Robotics $100m funding round",
  "url": "https://urgent.news/2026/09/29/shorooq-presight-enter-maven-robotics-100m-funding-round",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T10:33:52.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/shorooq-presight-enter-maven-robotics-100m-funding-round/"
  },
  "original_language": "en",
  "account": "Arabian Post reports that Shorooq and AI firm Presight have joined Maven Robotics in a $100 million Series A funding round. The investment was facilitated through Shorooq's AI and Bedaya funds, managed by Presight. Other participants included RoboStrategy, LocalGlobe, Vine Ventures, and XTX Ventures. Founded in 2024, Maven Robotics specializes in autonomous robots for logistics and manufacturing, targeting mixed-case palletizing and tote handling with an $80 billion addressable market. The new capital will fund the production of 250 third-generation robots and development of a fourth-generation platform, expanding into more complex material-handling and assembly tasks. Maven's robots currently operate for up to 16 hours daily with reliability exceeding 99%. CEO Hamza Derbas believes the Abu Dhabi investors can provide more than financial support, connecting Maven with computing capacity, data, and enterprise relationships. CEO Thomas Pramotedham of Presight emphasized the company's focus on AI systems performing reliably in operational environments. Maven's approach integrates hardware, software, and AI across the robot, fleet, and factory layers, enabling operational data collection to enhance performance as fleet utilization increases. The company's first applications focus on tasks requiring goods of varying sizes and shapes to be picked, moved, and stacked, with potential market expansion into broader materials handling and assembly, estimated at over $1 trillion.",
  "summary": "Arabian Post Staff -Dubai Abu Dhabi-based Shorooq and Presight have invested in Maven Robotics as part of the US industrial robotics company’s $100 million Series A financing round. The investment was made through the Presight–Shorooq AI and Bedaya funds managed by Shorooq, the companies said. RoboStrategy, LocalGlobe, Vine Ventures and XTX Ventures also participated in the financing, which Maven…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}