Robot company Ultra has raised $62 million, including a $50 million Series A round led by Framework, according to ChainCatcher. The company said the robotics industry is not primarily struggling with demos, but with real-world deployment and distribution. Ultra described deployment as the current bottleneck, arguing that it is relatively easy to make robots perform well in controlled settings, while the harder task is keeping them running in open environments, making them useful in practice, and earning the trust of the people working alongside them. Ultra said that challenge is the area it is currently focused on.
Robot company Ultra has raised $62 million, including a $50 million Series A round led by Framework, according to ChainCatcher.
Ultra said the robotics industry is facing a deployment and distribution problem, with deployment standing out as the main bottleneck at this stage. The company said it is relatively easy to make robots show strong results in controlled environments, but much harder to place them in open environments where they can keep operating, deliver practical value, gain the trust of the people working with them, and repeat that process consistently.
Ultra said that is the problem it is currently focused on.
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