{
  "id": 13152983,
  "title": "Warehouse robotics startup Ultra raised a $12M seed and a $50M Series A, and expands its deal with Physical Intelligence to supply AI software for its robots (Jeff John Roberts/Fortune)",
  "url": "https://urgent.news/2026/10/09/warehouse-robotics-startup-ultra-raised-a-12m-seed-and-a-50m-series-a",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-09T16:15:01.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://fortune.com/2026/10/09/ultra-raises-62-million-fast-growing-robots-service-tie-up-ai-research-firm-physical-intelligence/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Ultra, a warehouse robotics startup, has raised $62 million in funding. The company secured a $12 million seed round and a $50 million Series A, with the latter led by Framework Ventures and the former led by Y Combinator and Next View.\n\nUltra also announced an expanded deal with Physical Intelligence, a firm that supplies AI software for its robots. The Brooklyn-based company operates under a \"robots as a service\" model, leasing its devices to warehouses for a monthly fee.\n\nUltra's CEO and co-founder, Jon Miller Schwartz, noted that while humanoid robots receive significant attention, other forms of robots are having a greater impact in real-world applications. According to Fortune, humanoid robots are prone to falling over and their makers are struggling to deploy them in everyday situations.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Ultra raises $62 million for fast-growing ‘robots as a service’ business, announces tie-up with AI research firm Physical Intelligence",
        "url": "https://urgent.news/2026/10/09/ultra-raises-62-million-for-fast-growing-robots-as-a-service-business",
        "published": "2026-10-09T10:33:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}