Exclusive: Mytra raises $120 million Series C to scale supply chain robotics amid industry boom

Exclusive: Mytra raises $120 million Series C to scale supply chain robotics amid industry boom

Mytra has raised a $120 million Series C, led by Avenir Growth, the company exclusively told Fortune.

Mytra closes $150M funding for pallet-storing robots

Mytra said it addresses bottlenecks for warehouse-dependent organizations, from Fortune 100 suppliers to local grocers. | Credit: Mytra Mytra Inc. today said it has closed its $120 million Series C round. The company has been developing an automated storage and retrieval system, or ASRS, to handle pallets with loads weighing up to 1,360 kg (3,000 lb.). Material handling and movement represent nearly 50% of manufacturing labor, according to the U…