Corvus Robotics raises $20M and appoints Mohammed Kabir CEO
Corvus Robotics raised $20 million led by Catalyst Investors and appointed co-founder Mohammed Kabir as CEO as its autonomous inventory system surpassed 300 deployed devices.
Evidence notes
- Catalyst Investors led the financing; S2G Investments, Spero Ventures and F7 Ventures returned, while Cibus Capital joined.
- The new financing brought Corvus Robotics' total capital raised to $38 million.
- Co-founder Mohammed Kabir became CEO, while Jackie Wu moved from CEO to the board for health reasons.
Company context
Develops autonomous indoor drone systems designed for warehouse inventory management. Corvus Robotics builds aerial robots capable of navigating warehouse aisles and scanning inventory using onboard computer vision and AI perception systems.