The round was led by Avenir Growth. New investors Kivu Ventures, Liquid 2, D. E. Shaw, and Offline Ventures joined the round, alongside existing investors Eclipse, Greenoaks, Abstract Ventures, and Promus Ventures. The company's strategic investors include Lineage and RyderVentures, the corporate venture capital arm of Ryder System, Inc.

Mytra builds software-defined industrial robotics solutions designed to automate the most common industrial task in logistics - moving and storing material. Mytra solves critical bottlenecks for all warehouse-dependent organizations, from Fortune 100 suppliers to local grocers, so they can increase supply chain resiliency and throughput and drive new innovations forward.