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Venture Capital News: Mytra Emerges With $78M Series B Funding

2024-07-23
SOUTH SAN FRANCISCO, CA, Mytra today launched with $78 million through a Series B financing round.
Mytra, the company supercharging industrial productivity with first-of-its-kind three-dimensional robotics, today launched with $78 million in total financing through the Series B stage and several commercial partners, including Albertsons Companies. Founded by ex-Tesla and Rivian robotics and manufacturing leaders, the company will automate the most common industrial task: moving and storing material.

Mytra is backed by several investors, including Greenoaks, who led the company's Series B, Eclipse, who led the previous seed and Series A rounds, in addition to Co-founder and Chairman of Okta Frederic Kerrest's 515 Ventures, and individual investors, Garry Tan, Lachy Groom, among other individual and corporate partners.

Mytra builds software-defined warehouse robotics solutions designed to automate the most common industrial task in logistics - moving and storing material. Mytra solves critical bottlenecks for grocers, retailers, and other warehouse-dependent organizations, including Albertsons Cos., so they can increase supply chain resiliency and throughput and drive new innovations forward.
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