Ultra’s website carries a banner: “Ultra raises $50M Series A to scale the robotic fleet.” The Brooklyn company, which says it was established in 2024, describes a stationary robot it calls Operator, or OP1, for warehouse work: order packaging, sorting, and kitting. The page says machines were delivered, unboxed, and packing orders within a few hours, and it invites customers to try one for three months.
Fortune’s Term Sheet, by Jeff John Roberts, published 9 October 2026 at 6:33 a.m. ET, reports a larger total. It says Ultra announced that it had raised $62 million: a $50 million Series A led by Framework Ventures, with Y Combinator participating, and an earlier $12 million seed round led by Y Combinator and Next View. Those round names, the leads, and the seed amount are Fortune’s account of the announcement. Ultra’s banner states the $50 million Series A. The site does not itemize a seed round or name Framework Ventures.
Robots as a service, and who supplies the model
Fortune describes the business as a monthly robots-as-a-service arrangement. In an interview with Term Sheet, chief executive and co-founder Jon Miller Schwartz said customers pay an up-front integration fee for installation, then a monthly fee for hardware and software support, and that Ultra has been able to raise prices. He told Fortune the company has booked significant revenue and did not give the amount. Fortune says that, according to the company, the robots have packed more than half a million orders. That count is Ultra’s claim as Fortune reports it.
Fortune says Ultra builds and installs the robots and relies on Physical Intelligence to supply the AI, so the machines can learn a given customer’s setup. It says that split lets Ultra concentrate on the hardware while Physical Intelligence gets data from outside the lab. Fortune describes Physical Intelligence as valued at $5.6 billion and founded by a team from Google DeepMind. The valuation and the founding line are Fortune’s.
In February, Humanoids Daily reported that Physical Intelligence had published notes on live deployments with Weave Robotics and with Ultra, including e-commerce order packaging.
What the SEC filing shows
A Form D for Ultra Robotics Corp., CIK 0002151004, is a new notice under Rule 506(b). The filing index dates it 21 August 2026. Jonathan Schwartz, as chief executive, signed it on 20 August. The form lists a total offering amount of $62,089,507, of which $57,089,457 had been sold, with $5,000,050 remaining. The date of first sale is 7 August 2026. The issuer is a Delaware corporation, incorporated in 2024, previously named Brooklabs, Inc., with a New York business address. The filing lists 53 investors. It does not name a lead fund, and it does not split the proceeds into a seed round and a Series A.
The offering total, about $62.1 million, matches Fortune’s $62 million in round numbers. By the August filing, about $57.1 million of it had been sold, weeks before the 9 October announcement. The notice documents a Regulation D equity offering by Ultra Robotics Corp. and does not, on its own, identify Framework Ventures, Y Combinator, or Physical Intelligence.
Y Combinator’s company page links the Fortune article as Ultra’s latest news item and lists Schwartz as founder and chief executive, with Max Friefeld, Oliver Ortlieb, and Chetan Parthiban as co-founders.
What the site says a warehouse gets
On Ultra’s site, OP1 is a stationary machine for packing, sorting, and kitting, including mailers and polybags, with a claim of running up to 24 hours a day. The page names work in New York, Atlanta, Carlstadt in New Jersey, and Austin. A quoted customer, Colter Lutz, senior operations manager at Manifest, says routine order processing can run in the background. The page does not state a monthly price.
Schwartz told Fortune that humanoid robots draw more attention than the machines doing warehouse work, and that he would give the humanoid side five years before this kind of scaling shows up there. That horizon is his view, as Fortune reports it.
The Campfire
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