Ultra raises $62 million for fast-growing ‘robots as a service’ business, announces tie-up with AI research firm Physical Intelligence
Fortune 44
Ultra raised $62 million to expand its warehouse “robots as a service” business and announced a deeper partnership with AI robot-software firm Physical Intelligence. The funding includes a $50 million Series A led by Framework Ventures and participation from Y Combinator. The tie-up shifts Ultra toward using Physical Intelligence’s “body and brains” approach so PI provides the learning-focused AI while Ultra focuses on robot installation and hardware support.