Mytra raises $120M Series C for pallet-based warehouse robotics

Mytra raises $120M Series C for pallet-based warehouse robotics

Mytra has closed a $120 million Series C round led by Avenir Growth, bringing its total funding to over $200 million. New investors Kivu Ventures, Liquid 2, D.E. Shaw Ventures, and Offline Ventures joined the round alongside existing investors Eclipse, Greenoaks, Abstract Ventures, and Promus Ventures. Strategic investors include Lineage and RyderVentures, the corporate venture capital arm of Ryder System.

Mytra was founded in 2022 by Chris Walti, CEO, and Ahmad Baitalmal, CTO, both of whom came from Tesla and Rivian. Walti's stated engineering philosophy draws directly from his Tesla experience; question the status quo, assume the prevailing approach is wrong, and design the full system as a cohesive whole rather than in silos. The company is headquartered in Brisbane, California, and won the 2025 RBR50 Startup of the Year award.

Mytra's core product is an automated storage and retrieval system using mobile robots, called Mytrabots, that climb passive storage racks to store and retrieve pallets weighing up to 3,000 pounds. The system includes built-in inventory management software that uses AI to coordinate storage and queuing for trailer loading or depalletising, and is also suited to cross-docking workflows where full pallets are staged and sequenced for outbound movement. Mytra frames the product as an infrastructure layer rather than a point solution, abstracting material flow into software-defined primitives including move, store, pick, and route, with the goal of making every cubic foot of warehouse space addressable and continuously optimising.

The board addition of Zach Kirkhorn, Tesla's former CFO, and the appointment of Gabi Gantus, formerly Tesla's Director of Finance, as CFO are the two most visible signals of Mytra's scaling intent. Ingrid Cotoros, previously an engineering leader at Meta and GoPro, joined as Chief Development Officer; Nigel Marcussen joined as VP of Scaling. Walti described the Kirkhorn and Gantus pairing as having solved some of the most complex problems at Tesla and said the company is applying the same approach at Mytra.

The strategic investor positions carry operational relevance beyond capital. Lineage is the world's largest temperature-controlled warehouse operator, giving Mytra direct access to one of the most demanding storage environments for pallet-based automation. RyderVentures connects Mytra to Ryder System's logistics and transportation network, which operates across thousands of locations in North America.

In 2025, Mytra signed a large-scale deployment 60 times the size of its largest prior installation, shipped two pilot systems, went live in production at a new customer site, and moved into a 100,000 square foot facility seven times the size of its previous space. The team grew 78%, from approximately 30 to 150 people. Named customers include a Fortune 100 food company and a Fortune 500 industrial-supply distribution company; Albertsons was a disclosed customer at the Series B stage. Early deployments have demonstrated 32% reductions in material handling labor and 34% improvements in storage density.

Approximately 80% of industrial facilities have no automation in place, with cost, complexity, and the inflexibility of legacy systems once installed cited as the primary barriers. Mytra's software-defined approach is positioned as a lower-friction entry point because it does not require facilities to be rebuilt around the system. The funding will be used to accelerate deployment and hire strategic talent. No pricing, unit volumes, or revenue figures have been disclosed.

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