Ultra Robotics closes $50 million Series A, total funding reaches $62 million

Ultra Robotics has closed a $50 million Series A led by Framework Ventures with participation from Y Combinator, bringing its total funding to $62 million. An e-commerce fulfillment company says each Ultra robot handles 800 to 1,000 packages, with just 1 worker managing 6 robots, equivalent to one person overseeing 4,000 to 6,000 packages a day, which would not be possible without robots.