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- Mytra
Mytra Valuation, Funding & Investors
Mytra is valued at $571M as of January 2026.
Last Mytra valuation
$571M
Series C · Jan 2026
Last Mytra funding round
$120M
Series C · Jan 2026
Cumulative funding Mytra raised
$198M
across 3 funding rounds
Key investors in Mytra
Eclipse Ventures
Greenoaks
Promus Ventures
Liquid 2 Ventures
Abstract
Offline Ventures
About Mytra
Mytra is a robotics firm creating software-defined warehouse solutions for logistics automation. Its three-dimensional grid system stores and moves materials using modular hardware lattices fitted to customer spaces. Mytra deploys autonomous robots for picking and inventory tasks via mytra.ai.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$571M (Jan 2026)
Mytra Valuation
Mytra is currently valued at $571M, based on its Series C in January 2026.
The $120M round was led by Avenir, with participation from Greenoaks, Lineage, Eclipse Ventures, Promus Ventures, Liquid 2 Ventures and 5 other investors.
Mytra's valuation has grown 2.6x from $217M at its Series B in July 2024 to $571M in January 2026, across 2 priced rounds.
Mytra valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2026 | Series C | $571M |
| Jul 2024 | Series B | $217M |
Mytra Funding History
Mytra has raised a total of $198M across 3 funding rounds.
Mytra's first fundraising round was a $28M Series A in January 2023. The most recent completed round was a $120M Series C in January 2026.
Mytra funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series C | Avenir (lead); Greenoaks; Lineage; Eclipse Ventures; Promus Ventures; Liquid 2 Ventures; D. E. Shaw & Co.; Kivu Ventures; Offline Ventures; RyderVentures; Abstract | $120M | $571M | Mytra, Inc. develops software-defined industrial robotics solutions to automate moving and storing materials in warehouses, targeting supply chain bottlenecks for organizations from Fortune 100 suppliers to local grocers. Founded by former Tesla and Rivian robotics leaders and headquartered in Brisbane, California, the company emphasizes a universal operating system for material flow that reduces complexity with fewer unique parts, achieving high metrics like 99.999% uptime and 150 presentations per hour. Mytra has commercial deployments including with Albertsons and a growing backlog from Fortune 500 clients, bringing total funding over $200 million through the Series B stage prior to this round. On January 15, 2026, Mytra closed a $120 million Series C funding round led by Avenir Growth, with new investors Kivu Ventures, Liquid 2 Ventures, D. E. Shaw Ventures, and Offline Ventures participating alongside existing backers Eclipse Ventures, Greenoaks, Abstract Ventures, and Promus Ventures. Strategic investors include Lineage and RyderVentures, the corporate venture arm of Ryder System, Inc. The round elevates Mytra's post-money valuation to approximately $570.78 million, up from $216.72 million post-Series B, reflecting commercial traction and scalability. Proceeds from the Series C will accelerate deployment scaling to meet customer demand and support strategic hiring, with over 20 open roles including senior positions in electrical engineering, technical program management, and safety systems. Avenir Growth highlighted Mytra's rapid execution, customer deployments, and break from legacy automation constraints. The funding positions Mytra to expand its three-dimensional robotics and AI platform across customer sites, enhancing supply chain resiliency and throughput. |
| Jul 2024 | Series B | Greenoaks (lead); Eclipse Ventures; Life Extension Ventures | $50M | $217M | Mytra is a Brisbane, CA-based startup developing software-defined industrial robotics solutions to automate moving and storing materials in warehouses, addressing bottlenecks for supply chain resiliency in organizations from Fortune 100 suppliers to local grocers. Founded by former Tesla and Rivian robotics and manufacturing leaders, the company emerged from stealth in July 2024, announcing $78 million in total funding through its Series B, which included a $50 million Series B led by Greenoaks with participation from Eclipse Ventures, 515 Ventures, Humba Ventures, and LifeX (also referred to as Life Extension Ventures). Prior rounds comprised a $23.6 million Series A led by Eclipse Ventures and a $4.25 million seed, with early backers including Greenoaks, Abstract Ventures, and Promus Ventures. The Series B round on July 23, 2024, elevated Mytra's post-money valuation to $216.72 million, up from $27.9 million post-Series A. By this time, Mytra had achieved commercial traction with deployments at Albertsons and a growing pipeline of Fortune 500 grocery, retail, and warehouse customers. The funding supported product milestones and expansion following rapid progress from stealth. Subsequently, Mytra raised a $120 million Series C on January 15, 2026, led by Avenir Growth, bringing total funding over $200 million. New investors included Kivu Ventures, Liquid 2, D.E. Shaw, and Offline Ventures, with existing backers like Eclipse, Greenoaks, Abstract, and Promus rejoining, plus strategic investors Lineage and RyderVentures. The Series C reportedly elevated post-money valuation to about $570.78 million. The company expanded its team by 78% to around 150 employees, adding key executives like CFO Gabi Gantus (ex-Tesla), Chief Development Officer Ingrid Cotoros, and board member Zach Kirkhorn (former Tesla CFO), to scale deployments and operations. |
| Jan 2023 | Series A | Eclipse Ventures (lead); Promus Ventures | $28M | - | Mytra develops software-defined industrial robotics solutions to automate moving and storing materials in warehouses, addressing bottlenecks for supply chain organizations from Fortune 100 suppliers to local grocers. Founded by leaders from Tesla and Rivian, the company focuses on three-dimensional robotics with fewer unique parts than traditional systems, aiming for lower costs, scalability, 99.999% uptime, and 150 presentations per hour. Headquartered in Brisbane, CA, Mytra targets warehouse labor shortages projected at 2 million unfilled jobs by 2030. In 2023, Mytra raised $23.6 million in its Series A round led by Eclipse Ventures, with participation from Greenoaks, Abstract Ventures, and Promus Ventures, achieving a post-money valuation of $27.9 million and bringing total funding to $27.85 million. This followed a 2022 seed round of $4.25 million also led by Eclipse with 515 Ventures, Garry Tan, and Lachy Groom. The Series A supported early development and deployments in warehouse automation for pallet handling up to 1,360kg. Subsequent rounds included a Series B in July 2024 raising $50 million led by Greenoaks with Eclipse and others, reaching a post-money valuation of $216.72 million and total funding of $78 million. Mytra then closed a $120 million Series C on January 15, 2026, led by Avenir Growth, with new investors Kivu Ventures, Liquid 2, D.E. Shaw Ventures, Offline Ventures, and strategics Lineage and RyderVentures, plus existing backers like Eclipse, Greenoaks, Abstract, and Promus, pushing total funding over $200 million to a $570.78 million valuation. Funds fueled scaling deployments, hiring, and commercial expansion with partners like Albertsons. Mytra competes in the fast-growing warehouse automation sector amid investor confidence shown in peers like Dexory's €143 million Series C. Eclipse partner Seth Winterroth highlighted multi-million dollar industrial deals expanding to billions in opportunity, positioning Mytra for multi-billion annual revenue potential through large customer pipelines. |
Who has invested in Mytra?
12 investors have backed Mytra across its funding rounds, including Eclipse Ventures, Greenoaks, Promus Ventures, Liquid 2 Ventures, Abstract and Offline Ventures.
Lead investors include Avenir, Greenoaks and Eclipse Ventures.
Mytra Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2023 | ||
| 2 | Lead | Jul 2024 | ||
| 2 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
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Start Free TrialMytra Competitors
Mytra competitors include listed companies like Robostar and Yuil Robotics, and private ones like SEER Robotics, Seegrid, Locus Robotics and RightHand Robotics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $49M | - | $448M | 9.1x | ||
| Private | - | - | $400M | - | ||
| Private | $150M | - | $1.4B | - | ||
| Private | - | - | $240M | - | ||
| Publicly listed | $55M | ($3M) | $559M | - | ||
| Publicly listed | $27M | ($16M) | $597M | - |
Mytra Public Comps
Mytra is still privately-owned, but its public comps include Robostar, Yuil Robotics, Clobot, Matthews International, Nanjing Bestway, Stemmer Imaging, RoboStrategy, Columbus McKinnon, Muehlbauer Holding and Anhui Wantong Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $55M | ($3M) | 9.7x | - | (160.9x) | - | |||
| $27M | ($16M) | 21.9x | - | (35.8x) | - | |||
| $30M | ($2M) | 16.3x | 17.6x | (290.8x) | - | |||
| $1.5B | $151M | 0.8x | 1.2x | 8.1x | 7.6x | |||
| $144M | $25M | 2.6x | 2.4x | 14.8x | 14.2x | |||
| $118M | $11M | 3.9x | - | 41.7x | - | |||
| - | - | - | - | - | - | |||
| $1.2B | ($68M) | 3.0x | 2.2x | (51.8x) | 12.2x | |||
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Common questions about Mytra
| When was Mytra founded? | Mytra was founded in 2022. |
| Where is Mytra headquartered? | Mytra is headquartered in San Francisco, CA, United States. |
| Is Mytra publicly listed? | No, Mytra is a private, VC-backed company. |
| What is Mytra's valuation? | Mytra was last valued at $571M in its Series C in January 2026. |
| How much funding has Mytra raised? | Mytra has raised $198M across 3 funding rounds. |
| What was Mytra's last funding round? | Mytra's last funding round was a $120M Series C in January 2026, led by Avenir. |
| Who are Mytra's investors? | Mytra's investors include Eclipse Ventures, Greenoaks, Promus Ventures, Lineage, Liquid 2 Ventures, D. E. Shaw & Co., Kivu Ventures, Offline Ventures, RyderVentures, Abstract and 2 others. |
| Which companies are comparable to Mytra? | Companies comparable to Mytra include SEER Robotics, Seegrid, Locus Robotics, RightHand Robotics, Robostar and Yuil Robotics. |
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