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Robotics-as-a-Service startup Ultra raises $62M, partners with AI firm

By PulseAugur Editorial · [1 sources] ·

Ultra, a company that provides robots as a service to warehouses, has secured $62 million in funding. The Series A round was led by Framework Ventures, with participation from Y Combinator, and was preceded by a $12 million seed round. Ultra is also deepening its partnership with AI firm Physical Intelligence, which supplies the AI for their robots. AI

IMPACT This funding and partnership could accelerate the adoption of AI-powered robotics in logistics and warehousing.

RANK_REASON Funding round for a growing robotics-as-a-service company with a partnership announcement. [lever_c_demoted from significant: ic=1 ai=0.7]

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Robotics-as-a-Service startup Ultra raises $62M, partners with AI firm

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Funding round for a growing robotics-as-a-service company with a partnership announcement. [lever_c_demoted from significant: ic=1 ai=0.7]
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Jeff John Roberts ·

    Ultra raises $62 million for fast-growing ‘robots as a service’ business, announces tie-up with AI research firm Physical Intelligence

    The raise consisted of a Series A seed round led by Framework Ventures plus an earlier seed round.

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