Warehouse robotics startup Ultra raises $62M, expands Physical Intelligence deal
AI summary
Fortune reports that warehouse robotics startup Ultra raised a $12M seed round and a $50M Series A, totaling $62M. The company also expanded its deal with Physical Intelligence, which will supply AI software for its robots. Investors, valuation and deal terms were not disclosed in the available report.
In-depth insight
It shows warehouse robotics firms leaning on foundation-model vendors for intelligence rather than building it all in-house.
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