Warehouse robotics startup Ultra raised a $12M seed and a $50M Series A, and expands its deal with Physical Intelligence to supply AI software for its robots (Jeff John Roberts/Fortune) — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Ultra raised a $12M seed round and a $50M Series A, according to Fortune's Jeff John Roberts.
- Ultra expanded its deal with Physical Intelligence, under which the startup supplies AI software for its warehouse robots.
Why it matters: Closing both a $12M seed and a $50M Series A in the same stretch gives Ultra runway to scale at a moment when the broader robotics industry — which Roberts flags as growing explosively — is attracting heavy capital. The expanded Physical Intelligence partnership ties Ultra's software stack to a wider fleet of warehouse robots, not just its own hardware.
Ask SkimNews
