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Feb 19, 2026
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Startups
Artificial Intelligence
Mytra Secures $120 Million Series C to Modernize Global Supply Chain Infrastructure
NewDecoded
3 min read
Image by Mytra
Mytra announced the closure of a $120 million Series C funding round on January 15, 2026, to scale its industrial operating system. Led by Avenir Growth, the round included participation from D. E. Shaw and strategic investors like Lineage and RyderVentures. The company intends to use this capital to expand its software-defined robotics platform across the global supply chain.
The Brisbane-based startup focuses on automating material movement, a task that represents nearly half of all manufacturing labor. Mytra uses a modular 3D grid system and robots capable of lifting payloads up to 3,000 pounds. This approach transforms warehouses into flexible environments where physical storage acts like programmable software primitives.
Industry data suggests that roughly 60 percent of traditional warehouse space is wasted on forklift aisles and clearance zones. Mytra’s technology aims to eliminate this dead space while providing a solution for the projected 2 million unfilled industrial roles by 2030. Early deployments have already shown a 34 percent improvement in storage density and significant labor reductions. The company reached a major commercial milestone in 2025 by signing contracts with Fortune 100 and Fortune 500 organizations. One recent deployment was 60 times the size of its previous largest installation, signaling a shift toward mass-market adoption. Mytra also recently moved into a massive new facility in Brisbane, California to support its growing production needs. The Series C capital will accelerate deployment scaling to meet high customer demand and fund strategic talent acquisition. Mytra is actively hiring for several senior positions, including Directors of Electrical Engineering and Safety Systems Architects. These efforts aim to support a team that grew by 78 percent last year, bolstered by the addition of former Tesla CFO Zach Kirkhorn to the board.
A Shift Toward Software-Defined Logistics
The heavy investment from Lineage and RyderVentures signals that the logistics industry is moving away from rigid, legacy automation toward flexible, software-driven infrastructure. By treating physical movement like cloud computing, Mytra allows facilities to adapt to changing inventory needs without expensive hardware overhauls. This round highlights a growing confidence in robotics that can handle heavy pallets, a segment that has historically been much harder to automate than small-item picking.
