Mytra closes $150M funding for pallet-storing robots

Mytra claimed it deals with traffic jams for warehouse-dependent companies, from Lot of money 100 vendors to regional grocers.|Credit Rating: Mytra

Mytra Inc. today claimed it has actually shut its $120 million Collection C round. The business has actually been creating an automated storage space and access system, or ASRS, to take care of pallets with lots evaluating approximately 1,360 kg (3,000 pound.).

Product handling and motion stand for virtually 50% of making labor, according to the united state Demographics Bureau. Nonetheless, they have actually not altered a lot in a century, kept in mind Mytra. Therefore, greater than 400,000 commercial functions are open today, which number is headed to 2 million by 2030, reported the National Organization of Manufacturers.

At The Same Time, Arker Stockroom claimed that around 60% of stockroom impact is “dead area”– aisles and clearance that include price yet no worth. Around 80% of commercial centers have no automation due to price, intricacy, and minimal versatility when mounted, kept in mind Study and Markets.

” I saw firsthand that product circulation requires a basic system change, not step-by-step enhancements,” claimed Chris Walti, founder and chief executive officer of Mytra. “We’re not constructing far better stockroom robotics; we’re reconstructing the facilities layer that every commercial procedure depends upon. Product circulation must function like cloud computer: abstracted, programmable, and continually enhancing.”

Mytra abstracts product circulation for effectiveness

Mytra Robotics has actually created mobile robotics that can climb its ASRS and shop pallets with an easy facilities. The business was the 2025 RBR50 Start-up of the Year.

Along with its climbing up Mytrabots, the business’s integrated stock administration software program utilizes AI to work with storage space and queuing of the pallets as required for trailer loading or depalletizing.

According to Mytra, its automation is likewise beneficial for cross-docking stockrooms since it can statically organize and save complete pallets, queuing them for the trailer filling procedure. The system abstracts product circulation right into software-defined primitives– action, shop, choice, course– that systematize procedures and make every cubic foot of area addressable.

Mytra claimed its very early releases have actually shown 32% decreases in product dealing with labor and 34% enhancements in storage space thickness.

Consumer base and capitalist checklist expand

Established In 2022, Mytra in 2014 authorized agreements with several of the globe’s biggest companies. It currently counts a Ton of money 100 food business and a Ton of money 500 industrial-supply circulation business as consumers.

In 2025 alone, Mytra claimed it authorized a massive release 60x the dimension of its biggest previous setup, delivered 2 pilot systems, went stay in manufacturing at its brand-new consumer website, and relocated right into a brand-new center 7x its previous area.

The Brisbane, Calif.-based business likewise expanded its group by 78%. Mytra has actually included Gabi Gantus as primary monetary policeman, Ingrid Cotoros as primary growth policeman, and Nigel Marcussen as vice head of state of scaling. Zach Kirkhorn, previous primary monetary policeman at Tesla, has actually joined its board.

Avenir Development led Mytra’s Collection C round, which brought its complete financing to greater than $200 million. Brand-new capitalists Kivu Ventures, Fluid 2, D.E. Shaw, and Offline Ventures took part together with existing capitalists Eclipse, Greenoaks, Abstract Ventures, and Promus Ventures. The business’s tactical capitalists consist of Family tree and RyderVentures, the company financial backing arm of Ryder System Inc.

Mytra claimed it intends to utilize its most recent financing to speed up and scale release to satisfy consumer need and to get tactical ability.

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