Mytra Secures $120M in Series C Funding to Scale Software-Defined Automation Platform

Mytra, a four-year-old industrial robotics startup, has successfully closed a $120M Series C round led by Avenir Growth, bringing its total funding to over $200M. New investors Kivu Ventures, Liquid 2, D. E. Shaw, and Offline Ventures joined the round, alongside existing investors Eclipse, Greenoaks, Abstract Ventures, and Promus Ventures. The strategic investors include Lineage and RyderVentures, the corporate venture capital arm of Ryder System, Inc.

Founded in 2022, Mytra experienced a significant growth in 2025, securing contracts with major organizations such as a Fortune 100 food company and a Fortune 500 industrial-supply distribution company. This led to a large-scale deployment 60 times the size of its previous installations, as well as the addition of new key personnel. The company also welcomed former Tesla CFO Zach Kirkhorn to its board. Mytra's CEO, Chris Walti, emphasizes the need for a fundamental platform shift in material flow, envisioning a system that works like cloud computing: abstracted, programmable, and continuously optimizing.

The company's software-defined primitives have demonstrated significant reductions in material handling labor and improvements in storage density. Avenir Growth's Co-Founder, Jamie Reynolds, commended Mytra's approach, describing it as a fundamental reimagining that breaks free from legacy constraints. The latest funding will be used to accelerate deployment scaling and strategic talent acquisition.