Robotics company Ultra closes $50 million Series A funding round, led by Framework

PANews October 10 news, according to SiliconANGLE, warehouse robotics company Ultra announced cumulative funding of $62 million, of which a $50 million Series A was led by Framework Ventures with participation from Y Combinator; the previous $12 million seed round was co-led by Y Combinator and NextView Ventures. Ultra adopts a "robotics-as-a-service" model.