When was Ultra founded?

Ultra was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is Ultra located?

Ultra is headquartered in Brooklyn, United States.

How many employees does Ultra have?

As of Aug 31, 2026, the latest employee count at Ultra is 30.

Is Ultra a funded company?

Ultra is a funded company, having raised a total of $69.1M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2024.

How much is Ultra worth?

The latest valuation of Ultra is $***** as of Jan 01, 2024.

When was the latest funding round of Ultra?

Ultra's latest funding was a $***** Series A round on Aug 07, 2026, with participation from 5 investors.

Where does Ultra rank among its competitors?

Ultra ranks 4th amongst 222 active competitors, of which 8 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Ultra, which secured $57.1M in Aug, 2026.

Who are the top competitors of Ultra?

Ultra's top competitors include Dexterity, Fox Robotics and ATS Automation Tooling System. Among them, Ultra secured the most recent funding round in August, 2026.

Ultra - 2026 Company Profile, Team, Funding & Competitors

Ultra is a series A company based in Brooklyn (United States), founded in 2024 by Oliver Ortlieb and Chetan Parthiban. It operates as an AI-powered robots that automate warehouses. Ultra has raised $69.1M in funding, with a current valuation of $*****. The company has 222 active competitors, including 8 funded and 16 that have exited. Its top competitors include companies like Dexterity, Fox Robotics and ATS Automation Tooling System.

Company Details

AI-powered robots that automate warehouses. It provides and automate e-commerce order packaging and returns in fulfillment centers.

Website: www.ultra.tech/
Social
Email ID: *****@ultra.tech

Key Metrics

Founded Year

2024

Location

Brooklyn, United States

Stage

Series A

Total Funding

$69.1M in 2 rounds

Latest Funding Round

Series A, Aug 07, 2026, $*****

Post Money Valuation

$***** as on Jan 01, 2024

Investors

Y Combinator & 2 more

Ranked

4^th among 222 active competitors

Employee Count

30 as on Aug 31, 2026

Similar Companies

Dexterity & 69 more

View Ultra's full profile

Ultra has raised a total funding of $69.1M over 2 rounds. Its first funding round was on 2024. Its latest funding round was a Series A round on Aug 07, 2026 for $*****. 5 investors participated in its latest round. Ultra has 3 institutional investors.

Here is the list of recent funding rounds of Ultra:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 07, 2026	9116790	Series A	2449725	9148242	6850439	1927496
2024	2546	Seed	6845	9940	NextView Ventures	Y Combinator

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View details of Ultra's funding rounds and investors

The founders of Ultra are Oliver Ortlieb and Chetan Parthiban. Jon Miller Schwartz is the CEO of Ultra.

Here are the details of Ultra's key team members:

Oliver Ortlieb: Co-Founder & CTO of Ultra and founder of 2 other companies, Layer and Voodoo Manufacturing.
Chetan Parthiban: Co-Founder of Ultra.
Contact Info: 1 email address

View details of Ultra's Founder profiles and Board Members

Ultra's employee count trend

Ultra has 30 employees as of Aug 26. Here is Ultra's employee count trend over the years:

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Top competitors of Ultra include Dexterity, Fox Robotics and ATS Automation Tooling System. Here is the list of Top 10 competitors of Ultra, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Dexterity 2017, Redwood City (United States), Series B	AI that powers robots to do physical tasks	$396M	Lightspeed Venture Partners, Kleiner Perkins ... & 13 others	65/100
2nd	Fox Robotics 2018, Austin (United States), Acquired	Developer of autonomous forklifts for warehouse trailer loading and unloading	$38M	BMW i Ventures, Menlo Ventures & 12 others	59/100
3rd	ATS Automation Tooling System 1978, Cambridge (Canada), Public	Provider of automated manufacturing systems, automation products, and test solutions	-	TechAlliance	52/100
4th	Ultra 2024, Brooklyn (United States), Series A	AI-powered robots that automate warehouses	$69.1M	Y Combinator, Nirman Ventures & 1 others	45/100
5th	coboworx 2019, Monzelfeld (Germany), Series A	Provider of robotic solutions for palletizing and machine loading/unloading	$17.7M	Picus Capital, SquareOne & 18 others	39/100
6th	TREW 2019, Mason (United States), Series A	Manufacturer and integrator of automated material handling systems and software	$650K	American Industrial Partners, Redwoodtechnologyventures ... & 1 others	38/100
7th	Lyro Robotics 2019, Mansfield (Australia), Seed	Developer of AI-powered robotic solutions for object handling and packing	$1.5M	T C Consulting Ltd, AgFunder & 3 others	38/100
8th	Cybernetik 1989, Pune (India), Unfunded	Manufacturer of industrial automation and robotic systems for manufacturing processes	-	-	36/100
9th	PalletizUR 2018, Exton (United States), Unfunded	Provider of collaborative palletizing system for industrial purposes	-	-	36/100
10th	Arrowhead Systems 1963, Oshkosh (United States), Acquired	Packaging, material handling and palletizers for industrial purpose	-	-	34/100