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Investment · Ultra · Physical Intelligence · 2026-10-09
Warehouse packing-robot start-up Ultra raises $62 million
Photo: FortuneThree key points
- Ultra, a Brooklyn-based start-up that leases warehouse packing robots under a robots-as-a-service model, announced it has raised $62 million.
- The total combines a $50 million Series A led by Framework Ventures and an earlier $12 million seed round led by Y Combinator and Next View.
- Ultra builds the robots, while Physical Intelligence supplies the AI that lets them learn each customer's set-up.
Story summary
Ultra, a Brooklyn-based start-up that leases warehouse packing robots under a robots-as-a-service model, announced it has raised $62 million. The total combines a $50 million Series A led by Framework Ventures and an earlier $12 million seed round led by Y Combinator and Next View. Customers pay an up-front integration fee and then a monthly fee for ongoing hardware and software support. Ultra builds the robots, while Physical Intelligence supplies the AI that lets them learn each customer's set-up.
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