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Corvus Robotics Raises $20M in New Funding, Names Co-Founder Mohammed Kabir CEO

Corvus Robotics has raised $20 million in new funding led by Catalyst Investors, with participation from existing investors S2G Investments, Spero Ventures, and F7 Ventures, and new investor Cibus Capital. The company also announced that co-founder and CTO Mohammed Kabir has been appointed CEO, succeeding co-founder Jackie Wu, who is stepping down for health reasons. The funds will be used to accelerate the development and deployment of its physical AI systems for warehouses and distribution centers.

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Corvus Robotics Raises $20M, Co-Founder Kabir Takes Over as CEO

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Corvus Robotics has completed a $20 million funding round and announced a leadership change: co-founder Mohammed Kabir is now CEO. The funding will accelerate the deployment of its physical AI warehouse systems.

  • Corvus Robotics secured $20 million in new funding, led by Catalyst Investors, bringing total funding to $38 million.
  • Co-founder and CTO Mohammed Kabir has been appointed CEO, succeeding Jackie Wu, who stepped down for health reasons but remains on the board.
  • The company plans to use the new funds to accelerate the development and deployment of its physical AI systems for warehouses and distribution centers.
  • Corvus's autonomous drone Corvus One and forklift-mounted system Corvus Trident have been deployed in over 300 units across the U.S., Canada, and Mexico.
  • The company says its fleet analyzes over 1 million inventory locations per month.
Open section navigationFunding and Leadership Changes

Funding and Leadership Changes

Corvus Robotics announced $20 million in new funding, led by Catalyst Investors, with participation from existing investors S2G Investments, Spero Ventures, and F7 Ventures, and new investor Cibus Capital. This round brings the company's total funding to $38 million.

At the same time, co-founder and CTO Mohammed Kabir has been appointed CEO, succeeding co-founder Jackie Wu, who stepped down for health reasons. Wu will remain on the company's board, and Sidney Kullar of Catalyst Investors will also join the board.

Products and Technology

Corvus develops physical AI systems for warehouse inventory tracking. Its flagship product, Corvus One, is an autonomous drone that moves through warehouse aisles and captures inventory data without requiring positioning infrastructure like beacons or markers. Another product, Corvus Trident, launched in April, is an AI system mounted on forklifts and telehandlers that records pallet movements during normal warehouse operations.

In February, the company introduced a cold-chain version of Corvus One that operates in freezer environments as low as -20°F. All systems feed data into the company's software platform, AIMS, where Corvus One tracks inventory in storage locations and Trident captures inventory in motion.

Deployment and Customers

Corvus says it has deployed over 300 units across 26 U.S. states, Canada, and Mexico, with customers including Southern Glazer's Wine & Spirits, Dermalogica, GNC, and MSI Surfaces. The company also emphasizes that its hardware design and manufacturing, as well as AI model development, are done in the U.S.

The company says its fleet analyzes over 1 million inventory locations per month.

Credibility boundary

This article is based on a report from The AI Insider, which is a secondary source. All specific figures and statements come from the company or the report and have not been independently verified.

Insight takeaway

Corvus Robotics is accelerating the commercialization of its physical AI warehouse systems through a new funding round and CEO transition, but attention should be paid to the effectiveness of its technology in real-world deployments and market competition.

Sources for this version

  1. Corvus Robotics Raises $20M in New Funding, Names Co-Founder Mohammed Kabir CEOThe AI Insider

Primary report

The AI Insider

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