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About Mytra
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series B
Total Funding
$78M
Headquarters
South San Francisco, California
Founded
2022
Overview
Mytra AI specializes in automating material handling in warehouses and supply chains using a combination of robotics and artificial intelligence. Their main product is a system that includes three-dimensional robotics and AI software, which works together to manage the movement and storage of materials efficiently. This system is designed to be flexible and can adapt to various warehouse workflows in real time without needing additional integration code. Mytra AI stands out from its competitors by offering a modular and resilient solution that can be easily reconfigured to meet the specific needs of different operations. The company's goal is to enhance warehouse efficiency for large enterprises, as evidenced by their collaboration with companies like Albertsons to improve their logistics and inventory management.
Simplify's Take
What believers are saying
- Increased demand for warehouse automation due to e-commerce growth boosts Mytra's market potential.
- AI-driven robotics for non-humanoid applications aligns with Mytra's functional focus.
- Mytra's adaptable technology benefits from the trend towards modular robotic systems.
What critics are saying
- Competition from companies like Figure AI developing humanoid robots could challenge Mytra.
- Rapid technological advancements require Mytra to continuously innovate, straining resources.
- Economic fluctuations may impact venture capital funding availability for Mytra's growth.
What makes Mytra unique
- Mytra's system is modular, reconfigurable, and adapts to workflows without integration code.
- The company focuses on function over form, unlike competitors developing humanoid robots.
- Mytra's technology can move up to 3,000 lb, optimizing warehouse operations.
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Funding
Total Funding
$78M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -4%Mytra announces expansion and new headquarters with Brisbane, California campus.
Mytra offers a pallet-sized automated storage and retrieval system to move inventory in any direction. | Source: Mytra. The robotics industry has long been captivated by the idea of humanoid robots—machines that mimic human appearance and movement. While this vision aligns with science fiction, it’s not necessarily the best approach for solving real-world automation challenges. In warehouse and logistics operations, where the goal is to transport massive pallets, navigate tight spaces, and optimize throughput, efficiency must take precedence over anthropomorphism. Just as evolution optimizes lifeforms to survive in their environments, robotics should be designed based on function, not familiarity for familiarity’s sake
In Episode 159 of The Robot Report Podcast, editors Steve Crowe and Mike Oitzman discuss the latest news. On today’s show, we also have a conversation with Chris Walti, co-founder and CEO of warehouse automation provider Mytra AI.Mytra last month decloaked and unveiled its pallet-based ASRS-like storage array. Its robots can move up to 3,000 lb. (1,360.7 kg) through its storage array.The company is beginning to deploy pilot projects with early access customers, and Walti discusses the ideal applications for the system.Show timeline4:23 – News of the week31:50 – Interview with Chris Walti, co-founder and CEO of Mytra.aiNews of the weekFigure AI has unveiled its latest humanoid robot, Figure 02, a sleek upgrade from its predecessor, Figure 01. The new F.02 model sports a matte black finish and boasts enhanced capabilities.With a 50% increase in battery life, hands with 16 degrees of freedom and capable of lifting up to 25 kg (55.1 lb.), the robot is poised to be a significant upgrade. The company is gearing up for mass production and plans to offer the robot for sale to industrial and warehouse applications.Soft Robotics divested its soft robotic gripper business to J
Advancing the world of construction robotics. By The Robot Report Staff | July 29, 2024. In Episode 157 of The Robot Report Podcast, editors Steve Crowe and Mike Oitzman discuss the week’s news
The venture-backed startup firm Mytra has launched a robotic storage and retrieval platform that it says will automate the common industrial task of moving and storing material, and says it has $78 million in financing to develop it.
Mytra is Hiring for 12 Jobs on Simplify!
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About Mytra
Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
Series B
Total Funding
$78M
Headquarters
South San Francisco, California
Founded
2022
Mytra is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today