On this page
Snapshot
Leadership
CEO
- Person and background
- Jon Miller Schwartz, co-founder and CEO[1]
- As of
- Oct 2026
Scale and customers
Funding
Rounds
- Detail
- $62M raised: a $50M Series A led by Framework Ventures with Y Combinator, and an earlier $12M seed led by Y Combinator and Next View[1]
- As of
- Oct 2026
Products and models
Business model
- Detail
- Leases robots to warehouses under a monthly robots-as-a-service model; clients pay an up-front integration fee for installation[1]
- As of
- Oct 2026
Applications
- Detail
- E-commerce order packing: Robots slot into existing warehouse workstations; a fleet deployed across the US
- As of
- Feb 2026
Models used
- Physical Intelligence: post-trains Pi models, per Pi (Aug 2026)[3]
Relationships
Model suppliers
- Physical Intelligence: post-trains Pi models, per Pi (Aug 2026)[3]
Partners
- Physical Intelligence: Ultra builds and installs the robots; Pi supplies the AI models (Oct 2026)[1]