New updates have been reported about Mytra.
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Mytra has raised $120 million in a Series C round led by Avenir Growth, bringing total funding to more than $200 million as the four-year-old industrial robotics startup accelerates deployment of its software-defined automation platform across major enterprise customers. Founded in 2022 and headquartered in Brisbane, California, Mytra reported a pivotal 2025, signing large-scale contracts including a Fortune 100 food company and a Fortune 500 industrial-supply distributor, executing a deployment 60 times larger than any prior installation, and moving into a facility seven times its previous size. The company’s investor base now includes Kivu Ventures, Liquid 2, D. E. Shaw, Offline Ventures, Eclipse, Greenoaks, Abstract Ventures, Promus Ventures, and strategic investors such as Lineage and RyderVentures, while former Tesla CFO Zach Kirkhorn has joined its board, underscoring institutional confidence in Mytra’s growth trajectory and governance.
Mytra is positioning itself as the operating system for supply chains, abstracting material flow into programmable software primitives—move, store, pick, route—to tackle a market where roughly 80% of industrial facilities lack automation and material handling accounts for nearly half of manufacturing labor. Early deployments have demonstrated 32% reductions in material handling labor and a 34% improvement in storage density, targeting acute industry pain points including a projected shortfall of up to 2 million industrial workers by 2030 and high turnover rates. CEO and co-founder Chris Walti frames the strategy as a foundational shift away from incremental robotics toward a cloud-like infrastructure layer for material flow, enabling more flexible, space-efficient, and scalable operations. The new capital will be directed toward scaling customer deployments and expanding headcount—Mytra grew its team 78% in 2025 and is actively hiring for senior technical and safety roles—positioning the company to capture share in warehouse and industrial environments where legacy automation has been constrained by cost and inflexibility.