Mytra Raises $120M to Expand Robotics Systems for Warehouses
Mytra, a US-based warehouse automation company, has raised $120 million in a Series C funding round led by Avenir GrowthDealroom has a profile for this one. Try Dealroom → to scale its robotics and software platform for industrial supply chains.
Mytra was founded in 2022 by CEO Chris WaltiDealroom has a profile for this one. Try Dealroom →, a former robotics and automation leader at Tesla, and CTO Ahmad BaitalmalDealroom has a profile for this one. Try Dealroom →, who previously led factory software development at Tesla and Rivian.
The company develops develops an operating system and robotics hardware designed to automate the movement of heavy materials across warehouses and factories. Its systems focus on standardising industrial workflows rather than deploying humanoid robots, with the aim of enabling customers to automate entire facilities and networks.
The company said the new funding will be used to expand deployment with large industrial customers, scale manufacturing and continue development of its software and robotics platform.
Mytra reported strong growth in 2025, increasing its headcount from around 30 to approximately 150 employees. It also made senior hires, including former Tesla finance executive Gabi GantusDealroom has a profile for this one. Try Dealroom → as CFO, and added former Tesla CFO Zach KirkhornDealroom has a profile for this one. Try Dealroom → to its board.
Investors described Mytra’s commercial model as focused on large, long-term industrial contracts, with deal sizes that can expand significantly over time.
Walti has publicly cautioned against overestimating the near-term impact of artificial intelligence in robotics, arguing that durable progress depends on solving specific operational problems and integrating hardware, software and data at scale.
Mytra positions its platform as addressing persistent labour shortages and inefficiencies in industrial logistics, particularly in warehouse and factory environments.
Sources:
Mytra
Fortune
Promus Ventures
SiliconANGLE
PR Newswire
J.V.
