Ultra installs OP1 robots in warehouses to pack, sort and assemble kits for shipping. Fortune reported Friday that the Brooklyn company disclosed $62 million across a $50 million Series A and an earlier $12 million seed round.
Framework Ventures led the Series A, with Y Combinator participating. Y Combinator and NextView led the seed round. The split matters: $62 million is the total across both financings, not the size of one new round.
Warehouse operators don’t have to buy the robots outright. Fortune says customers pay an upfront integration fee, followed by a monthly charge covering hardware and software support. Ultra’s website says a unit rolls into place on locking casters, connects to a standard power outlet and Ethernet, and can begin production work within hours.
On the floor, OP1 handles repetitive, high-volume jobs such as loading and sealing mailers, sorting products and assembling multi-item orders. In one showcased deployment, Ultra says six units work side by side while the customer maintains the same team size. The company also says its machines have packed more than 500,000 orders in warehouses around the country.
CEO Jon Miller Schwartz told Fortune that Ultra has booked significant revenue and raised prices, though he did not give an amount. The recurring-fee structure shifts the initial capital burden away from customers; Ultra, in turn, installs and supports the hardware while collecting fees over time.
Ultra supplies the robot body and handles customer installations, while Physical Intelligence provides AI models intended to adapt the machines to each warehouse setup. The arrangement lets Ultra concentrate on hardware and field service and gives Physical Intelligence operating data from real warehouses. It also leaves part of Ultra’s product performance in an outside supplier’s hands.
That design is deliberately narrower than a walking humanoid. OP1 stays on a fixed base during operation, avoiding tipping and battery swaps, according to Ultra, while each arm handles payloads of up to roughly 4.5 kilograms. The company is selling a machine for defined warehouse stations, not a general-purpose worker.
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