Ultra.tech Funding, Investors & Competitors

Ultra.tech has raised $108M across 3 funding rounds, most recently a $50M Series A in October 2026.

Last Ultra.tech funding round

$50M

Series A · Oct 2026

Cumulative funding Ultra.tech raised

$108M

across 3 funding rounds

Key investors in Ultra.tech

  • Y Combinator
  • Pioneer Fund
  • NextView Ventures
  • Framework Ventures

Ultra.tech Overview

About Ultra.tech

Ultra.tech is a warehouse automation company deploying autonomous mobile robots for e-commerce fulfillment. San Francisco-headquartered, its systems handle picking, packing, and sorting in facilities for retailers like Shopify merchants. The robots integrate with warehouse management software via APIs for rapid deployment.


Founded

2024

HQ

United StatesNew York City, NY

Website

ultra.tech

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Ultra.tech Funding History

Ultra.tech has raised a total of $108M across 3 funding rounds.

Ultra.tech's first fundraising round was a $500K pre-seed round in September 2024. The most recent completed round was a $50M Series A in October 2026.

Ultra.tech funding rounds

Ultra.tech funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2026Series AFramework Ventures (lead); Y Combinator; NextView Ventures$50MUltra, a Brooklyn warehouse robotics company, announced a USD 50 million Series A on 9 October 2026, bringing the funding it has announced to USD 62 million. The round was led by Framework Ventures, with Y Combinator participating. It follows an earlier USD 12 million seed round led by Y Combinator and NextView Ventures. The company said the money will scale its robotic fleet. Ultra also announced a deepened relationship with Physical Intelligence, which supplies AI models for its robots. The company rents its robots to warehouse operators, who pay an integration fee and then a recurring monthly fee for hardware and software support. Its main product is a stationary dual-arm robot called Operator, used for packing, sorting and kitting at existing workstations. Ultra says its robots have packed more than 500,000 orders across United States sites, including for a Brooklyn fulfilment customer. Ultra was founded in 2024, went through the Y Combinator Summer 2024 batch, and is led by chief executive Jon Miller Schwartz.
Aug 2026Undisclosed stage-$57M-
Sep 2024Pre-seedY Combinator (lead); Pioneer Fund$500K-

Who has invested in Ultra.tech?

4 investors have backed Ultra.tech across its funding rounds, including Y Combinator, Pioneer Fund, NextView Ventures and Framework Ventures.

Lead investors include Framework Ventures and Y Combinator.


Ultra.tech Investors

Investors in Ultra.tech by funding rounds participated
InvestorHQRoundsRoleFirst check
Y CombinatorUnited StatesSan Francisco, CA2LeadSep 2024
NextView VenturesUnited StatesBoston, MA1ParticipantOct 2026

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Ultra.tech Competitors

Ultra.tech competitors include listed companies like Autodesk and PTC, and private ones like NEURA Robotics, Arda, Apptronik and Sharpa.

Public and private companies comparable to Ultra.tech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NEURA RoboticsGermanyMetzingenPrivate--$7B-
ArdaUnited StatesSan Francisco, CAPrivate--$1.5B-
ApptronikUnited StatesAustin, TXPrivate--$5.3B-
SharpaSingaporeSingaporePrivate--$3.3B-
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$55B6.7x
PTCUnited StatesUnited StatesPublicly listed$2.7B$1.1B$21B8.3x

Ultra.tech Public Comps

Ultra.tech is still privately-owned, but its public comps include Tesla, Siemens, Schneider Electric, ABB, Hitachi, Stryker, Mitsubishi, Emerson Electric, Cadence Design Systems and Johnson Controls.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B14.6x13.1x137.6x93.2x
Siemens$88B$15B3.0x2.8x18.0x15.5x
Schneider Electric$45B$9.2B3.7x3.4x18.2x15.5x
ABB$33B$6.9B4.5x4.0x21.8x18.2x
Hitachi$67B$11B1.8x1.7x11.3x10.7x
Stryker$25B$6.3B5.4x5.1x21.5x17.9x
Mitsubishi$120B$8.5B1.2x1.2x17.5x21.4x
Emerson Electric$18B$4.7B5.6x5.3x21.5x18.3x

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Common questions about Ultra.tech

When was Ultra.tech founded?Ultra.tech was founded in 2024.
Where is Ultra.tech headquartered?Ultra.tech is headquartered in New York City, NY, United States.
Is Ultra.tech publicly listed?No, Ultra.tech is a private, VC-backed company.
How much funding has Ultra.tech raised?Ultra.tech has raised $108M across 3 funding rounds.
What was Ultra.tech's last funding round?Ultra.tech's last funding round was a $50M Series A in October 2026, led by Framework Ventures.
Who are Ultra.tech's investors?Ultra.tech's investors include Y Combinator, NextView Ventures, Framework Ventures and Pioneer Fund.
Which companies are comparable to Ultra.tech?Companies comparable to Ultra.tech include NEURA Robotics, Arda, Apptronik, Sharpa, Autodesk and PTC.

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