COMPANY INFO
Mytra is the actual company name, founded in 2022 and headquartered in South San Francisco, CA. It operates in the automation machinery manufacturing industry, specializing in automating the common industrial task of moving and storing material using flexible, scalable robotics and AI. The company has over 50 employees and has raised $78 million in funding. Mytra's leadership team includes experienced professionals from Tesla, Rivian, Google, and other tech companies, focusing on hardware, software, and operations to deliver software-defined warehouse robotics solutions.
Mytra is an automation machinery manufacturing company founded in 2022 and headquartered in South San Francisco, CA. Specializing in flexible, scalable robotics and AI, Mytra automates the common industrial tasks of moving and storing materials, targeting the warehouse and logistics sector with its software-defined robotics solutions. With over 50 employees and a leadership team drawing experience from Tesla, Rivian, and Google, Mytra leverages hardware and software expertise to deliver next-generation warehouse automation.
In terms of Mytra funding, the company has quickly established itself as a rising star in industrial automation, securing a total of $78 million across three funding rounds since its inception. Mytra’s funding rounds reflect a clear strategy: an initial seed round in 2022 powered the company’s launch, followed by a $28 million Series A in 2023 to accelerate product development and growth. The company’s latest and largest round, a $50 million Series B completed in July 2024, is fueling Mytra’s ambitious market expansion and the deployment of AI-powered 3D robotics systems to revolutionize warehouse operations. Key Mytra investors such as Greenoaks, Eclipse, Abstract Ventures, and Promus Ventures have played prominent roles, underscoring strong venture capital confidence in Mytra’s vision and execution.
The Series B round raised $50 million and was led by Greenoaks, Eclipse, Abstract Ventures, and Promus Ventures. This round is dedicated to market expansion and the rollout of AI-driven 3D robotics systems, positioning Mytra to disrupt warehouse operations at scale.
Mytra’s Series A round brought in $28 million, with Greenoaks and Eclipse as lead investors. The capital focused on continued product development and scaling the company’s team and operations to deliver innovative warehouse robotics solutions.
The seed stage was led by Eclipse with an undisclosed amount, providing crucial funds for Mytra’s initial launch, technology development, and go-to-market activities in the company’s foundational year.
Greenoaks is a top-tier venture capital firm known for backing breakout technology companies at the scaling stage. As a lead investor in Mytra’s Series A and Series B rounds, Greenoaks has provided significant growth capital and strategic guidance, affirming confidence in Mytra’s automation and AI-driven business model.
Eclipse specializes in investing in industrial and advanced manufacturing startups. Serving as the lead investor in Mytra’s seed round and a key participant in Series A and B rounds, Eclipse has been instrumental in supporting Mytra from inception through to its current growth phase.
Abstract Ventures is an early-stage venture capital firm that backed Mytra in its Series B round. The firm is renowned for supporting innovative startups leveraging advanced technology, providing both funding and industry connections.
Promus Ventures, known for investing in deep tech and robotics startups, joined Mytra’s Series B round. The firm offers not only capital but also sector expertise and a robust network within the broader automation ecosystem.
Garry Tan, a prominent entrepreneur and venture capitalist, is listed among Mytra investors, contributing both investment and advisory support. His involvement brings valuable startup experience and a network to assist with strategic growth.
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