Ultra

Robotics · Warehouse Automation · Physical AI

Funding

Warehouse robotics startup Ultra raises $62M, deepens Physical Intelligence tie

Renting robots as a monthly subscription turns automation into an operating expense warehouses can approve without capital budgets.

• Ultra closed $62M in combined funding — a $50M Series A led by Framework Ventures with Y Combinator participating, plus an earlier $12M seed led by Y Combinator and Next View — and expanded its partnership with Physical Intelligence.
• The Brooklyn startup, founded in 2024, builds dual-arm stationary robots called Operator (OP1) that pack, sort and kit items inside e-commerce warehouses, leased monthly rather than sold outright.
• Ultra says its robots have packed more than 500,000 orders, including at Highline Commerce in Brooklyn where they handle up to 30% of fulfillment volume, with installs taking hours instead of the weeks a full automation overhaul requires.
• Physical Intelligence, which supplies Ultra's robot 'brains,' was valued at $5.6 billion after a $600 million Series B in November 2025, and its π0.6 model reportedly hit 96.4% autonomy during full shifts in live warehouse deployments.
• The deal lands amid a broader physical-AI funding surge — rivals FieldAI and Skild AI, which build general-purpose robot brains, have reached $10 billion and over $14 billion valuations respectively.
• Splitting hardware and AI software mirrors the infrastructure-versus-application split in enterprise software, letting Ultra focus on mechanical integration while feeding real-world deployment data back into Physical Intelligence's models.