Mytra Raises $120M Series C to Scale Automation Platform for Supply Chains

Congratulations to Chris Walti, Ahmad Baitalmal, and the entire Mytra team on their new Series C that will continue to fuel Mytra’s strong growth and momentum in building its operating system designed for supply chains. The Company is focused on moving heavy material throughout warehouses and factories in a new and innovative manner.

The team has increased 78% last year, including a new CFO, Chief Development Officer, and VP of Scaling. Zach Kirkhorn, Tesla’s former CFO, also joined Mytra’s board.

Promus Ventures has invested in each round to date, including this Series C. We first wrote about Mytra in 2024 when they emerged from stealth and announced their Series B.

Mytra’s current round was led by Avenir Growth, and included other new investors such as Kivu, DE Shaw, and Liquid 2. Other existing investors participating in the round include Eclipse, Greenoaks and Abstract Ventures. Mytra’s strategic investors include Lineage and Ryder Ventures. The Company has now raised over $200M in funding.

Chris defines the mission of Mytra succinctly, stating “We’re not building better warehouse robots – we’re rebuilding the infrastructure layer that every industrial process depends on.” It is mind boggling to see industrial warehousing and supply chains still bottlenecking at outdated and expensive legacy systems. Roughly 60% of warehouse footprint is dead and empty space that could be more efficiently utilized for optimal supply chain management. 

The Company has signed contracts with some of the world's largest companies to date. In 2025 alone, Mytra signed a large scale development contract 60x the size of its prior largest installation, went live with a new customer site, and shipped two other customer pilot systems. Additionally, the Company moved into a new facility 7x the size of its previous space.

Mytra is optimizing material flow and handling in a new paradigm that solves for many of the existing supply chain issues. The Company’s early deployments demonstrated a remarkable 32% reductions in material handling labor and 34% improvement in storage density. The Company’s bots, software and cells show their unique working platform and system on their website, as well as many new open hiring roles found here. Mytra's press release of their new round can be found here.

We are privileged to continue to partner with the visionary Mytra team in building the operating system of the future for supply chains.

Onward!

Promus Ventures invests in early-stage deep tech startups solving complex problems to advance everyday lives across the world. Some of Promus Ventures’ other leading portfolio investments include Rocket Lab (Nasdaq: RKLB), Whoop, Spire (NYSE: SPIR), Mapbox, ICEYE, AngelList, Halter, Bellabeat, The Exploration Company, Kensho, Gauss Surgical, Figure Eight, All.Space, and numerous others.

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