Mytra mentioned it addresses bottlenecks for warehouse-dependent organizations, from Fortune 100 suppliers to native grocers. | Credit score: Mytra
Mytra Inc. immediately mentioned 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 hundreds weighing as much as 1,360 kg (3,000 lb.).
Materials dealing with and motion signify practically 50% of producing labor, in line with the U.S. Census Bureau. Nonetheless, they haven’t modified a lot in a century, famous Mytra. Consequently, greater than 400,000 industrial roles are open immediately, and that determine is headed to 2 million by 2030, reported the Nationwide Affiliation of Producers.
In the meantime, Arker Warehouse mentioned that about 60% of warehouse footprint is “useless house” — aisles and clearance that add value however no worth. Roughly 80% of business services haven’t any automation due to value, complexity, and restricted flexibility as soon as put in, famous Analysis and Markets.
“I noticed firsthand that materials stream wants a elementary platform shift, not incremental enhancements,” mentioned 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 stream ought to work like cloud computing: abstracted, programmable, and constantly optimizing.”
Mytra abstracts materials stream for effectivity
Mytra Robotics has developed cell robots that may climb its ASRS and retailer pallets with a passive infrastructure. The firm was the 2025 RBR50 Startup of the Yr.
Along with its climbing Mytrabots, the firm‘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 might probably statically stage and retailer full pallets, queuing them for the trailer loading course of. The system abstracts materials stream into software-defined primitives — transfer, retailer, choose, route — that standardize operations and make each cubic foot of house addressable.
Mytra mentioned its early deployments have demonstrated 32% reductions in materials dealing with labor and 34% enhancements in storage density.
Buyer base and investor checklist develop
Based in 2022, Mytra final 12 months signed contracts with a number 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 mentioned it signed a large-scale deployment 60x the scale 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 house.
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 vp 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 buyers Kivu Ventures, Liquid 2, D.E. Shaw, and Offline Ventures participated alongside present buyers Eclipse, Greenoaks, Summary Ventures, and Promus Ventures. The corporate’s strategic buyers embrace Lineage and RyderVentures, the company enterprise capital arm of Ryder System Inc.
Mytra mentioned it plans to make use of its newest funding to speed up and scale deployment to fulfill buyer demand and to accumulate strategic expertise.
