"I do think there's just fervor around 'Oh, you can sprinkle AI on top of any robot and magic will ensue,' Walti said. 'Then the value will compound at the rate we've seen with some of these other AI companies in say, voice or text. And I don't think that's the case. At a high level, where some of the hype and capital is going in robotics is perhaps a little misguided...'"
"'Then the value will compound at the rate we've seen with some of these other AI companies in say, voice or text. And I don't think that's the case. At a high level, where some of the hype and capital is going in robotics is perhaps a little misguided... I think there's going to be some reality checks happening in the industry over the next year.'"
Investors’ expectations that AI alone can overcome immature robotics hardware and missing data are miscalibrated. AI capabilities cannot substitute for reliable, production-ready hardware and comprehensive datasets. The most successful robotics companies will solve narrowly defined, high-cost industrial "painkiller" problems instead of pursuing speculative humanoid visions. Mytra, founded in 2022 by Chris Walti and CTO Ahmad Baitalmal, focuses on standardizing and scaling heavy material movement across warehouses and factories to enable reliable automation of entire buildings and networks. Mytra raised a $120 million Series C led by Avenir Growth with multiple new and returning investors, and RyderVentures joined as a strategic investor. Industrial automation deals often start with large contract values.
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