Mytra raises $120M Series C for pallet-based warehouse robotics
The Brisbane-based ASRS startup closes its Series C with Lineage and RyderVentures as strategic investors; early deployments show 32% reductions in material handling labor and 34% gains in storage density.
Mytra raises $120M Series C for pallet-based warehouse robotics
Mytra has closed a $120 million Series C round led by Avenir Growth, bringing its total funding to over $200 million. New investors Kivu Ventures, Liquid 2, D.E. Shaw Ventures, and Offline Ventures joined the round alongside existing investors Eclipse, Greenoaks, Abstract Ventures, and Promus Ventures. Strategic investors include Lineage and RyderVentures, the corporate venture capital arm of Ryder System.
Mytra was founded in 2022 by Chris Walti, CEO, and Ahmad Baitalmal, CTO, both of whom came from Tesla and Rivian. The company is headquartered in Brisbane, California, and won the 2025 RBR50 Startup of the Year award.
Mytra's core product is an automated storage and retrieval system using mobile robots, called Mytrabots, that climb passive storage racks to store and retrieve pallets weighing up to 3,000 pounds. The system includes built-in inventory management software that uses AI to coordinate storage and queuing for trailer loading or depalletising, and is also suited to cross-docking workflows where full pallets are staged and sequenced for outbound movement. Mytra frames the product as an infrastructure layer rather than a point solution, abstracting material flow into software-defined primitives including move, store, pick, and route, with the goal of making every cubic foot of warehouse space addressable and continuously optimising.
Mytra added former Tesla CFO Zach Kirkhorn to its board and appointed Gabi Gantus, formerly Tesla’s Director of Finance, as CFO. Ingrid Cotoros, previously an engineering leader at Meta and GoPro, joined as Chief Development Officer; Nigel Marcussen joined as VP of Scaling.
Lineage is the world's largest temperature-controlled warehouse operator, giving Mytra direct access to one of the most demanding storage environments for pallet-based automation. RyderVentures connects Mytra to Ryder System's logistics and transportation network, which operates across thousands of locations in North America.
In 2025, Mytra signed a large-scale deployment 60 times the size of its largest prior installation, shipped two pilot systems, went live in production at a new customer site, and moved into a 100,000 square foot facility seven times the size of its previous space. The team grew 78%, from approximately 30 to 150 people. Named customers include a Fortune 100 food company and a Fortune 500 industrial-supply distribution company; Albertsons was a disclosed customer at the Series B stage. Early deployments have demonstrated 32% reductions in material handling labor and 34% improvements in storage density.
Approximately 80% of industrial facilities have no automation, with cost, complexity and the inflexibility of installed systems cited as barriers. Mytra’s system does not require facilities to be rebuilt around it. The funding will support deployments and hiring.
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