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- Ultra.tech
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2026 | Series A | Framework Ventures (lead); Y Combinator; NextView Ventures | $50M | Ultra, 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 2026 | Undisclosed stage | - | $57M | - |
| Sep 2024 | Pre-seed | Y 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2024 | ||
| 1 | Participant | Oct 2026 | ||
This data is available for Pro users. Sign up to see all 4 Ultra.tech investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialUltra.tech Competitors
Ultra.tech competitors include listed companies like Autodesk and PTC, and private ones like NEURA Robotics, Arda, Apptronik and Sharpa.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $7B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $5.3B | - | ||
| Private | - | - | $3.3B | - | ||
| Publicly listed | $7.2B | $1.8B | $55B | 6.7x | ||
| Publicly listed | $2.7B | $1.1B | $21B | 8.3x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 14.6x | 13.1x | 137.6x | 93.2x | |||
| $88B | $15B | 3.0x | 2.8x | 18.0x | 15.5x | |||
| $45B | $9.2B | 3.7x | 3.4x | 18.2x | 15.5x | |||
| $33B | $6.9B | 4.5x | 4.0x | 21.8x | 18.2x | |||
| $67B | $11B | 1.8x | 1.7x | 11.3x | 10.7x | |||
| $25B | $6.3B | 5.4x | 5.1x | 21.5x | 17.9x | |||
| $120B | $8.5B | 1.2x | 1.2x | 17.5x | 21.4x | |||
| $18B | $4.7B | 5.6x | 5.3x | 21.5x | 18.3x | |||
This data is available for Pro users. Sign up to see all Ultra.tech competitors and their valuation data. Start Free Trial | ||||||||
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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