Mytra stated it addresses bottlenecks for warehouse-dependent organizations, from Fortune 100 suppliers to native grocers. | Credit score: Mytra
Mytra Inc. as we speak stated it has closed its $120 million Collection C spherical. The corporate has been growing an automatic storage and retrieval system, or ASRS, to deal with pallets with masses weighing as much as 1,360 kg (3,000 lb.).
Materials dealing with and motion represent nearly 50% of manufacturing labor, in keeping with the U.S. Census Bureau. Nevertheless, they haven’t modified a lot in a century, famous Mytra. Because of this, more than 400,000 industrial roles are open as we speak, and that determine is headed to 2 million by 2030, reported the Nationwide Affiliation of Producers.
In the meantime, Arker Warehouse stated that about 60% of warehouse footprint is “dead space” — aisles and clearance that add price however no worth. Roughly 80% of industrial facilities have no automation due to price, complexity, and restricted flexibility as soon as put in, famous Analysis and Markets.
“I noticed firsthand that materials circulate wants a elementary platform shift, not incremental enhancements,” stated Chris Walti, co-founder and CEO of Mytra. “We’re not constructing higher warehouse robots; we’re rebuilding the infrastructure layer that each industrial course of relies on. Materials circulate ought to work like cloud computing: abstracted, programmable, and constantly optimizing.”
Mytra abstracts materials circulate for effectivity
Mytra Robotics has developed cell robots that may climb its ASRS and retailer pallets with a passive infrastructure. The corporate was the 2025 RBR50 Startup of the Yr.
Along with its climbing Mytrabots, the corporate‘s built-in stock administration software program makes use of AI to coordinate storage and queuing of the pallets as wanted for trailer loading or depalletizing.
Based on Mytra, its automation can also be helpful for cross-docking warehouses as a result of it will probably statically stage and retailer full pallets, queuing them for the trailer loading course of. The system abstracts materials circulate into software-defined primitives — transfer, retailer, choose, route — that standardize operations and make each cubic foot of area addressable.
Mytra stated its early deployments have demonstrated 32% reductions in material handling labor and 34% enhancements in storage density.
Buyer base and investor listing develop
Based in 2022, Mytra final yr signed contracts with a few of the world’s largest organizations. It now counts a Fortune 100 meals firm and a Fortune 500 industrial-supply distribution firm as prospects.
In 2025 alone, Mytra stated it signed a large-scale deployment 60x the dimensions of its largest prior set up, shipped two pilot techniques, went stay in manufacturing at its new buyer website, and moved into a brand new facility 7x its earlier area.
The Brisbane, Calif.-based firm additionally grew its workforce by 78%. Mytra has added Gabi Gantus as chief monetary officer, Ingrid Cotoros as chief improvement officer, and Nigel Marcussen as vice chairman of scaling. Zach Kirkhorn, former chief monetary officer at Tesla, has joined its board.
Avenir Development led Mytra’s Collection C spherical, which introduced its complete funding to greater than $200 million. New traders Kivu Ventures, Liquid 2, D.E. Shaw, and Offline Ventures participated alongside current traders Eclipse, Greenoaks, Summary Ventures, and Promus Ventures. The corporate’s strategic traders embody Lineage and RyderVentures, the company enterprise capital arm of Ryder System Inc.
Mytra stated it plans to make use of its newest funding to speed up and scale deployment to satisfy buyer demand and to accumulate strategic expertise.
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