Myro is a technology company.
Myro has raised $7.0M across 1 funding round.
Myro has raised $7.0M in total across 1 funding round.
Myro refers to multiple entities, but the most prominent technology-focused one is MYRO International PTE, a Singapore-based company developing autonomous robotics for the construction industry. It builds the world's first mobile intelligent interior wall-painting robot, which automates painting tasks using LiDAR navigation, precision spraying, computer vision, machine learning, and mechatronics to boost productivity, cut labor costs, reduce material waste, and enable collaborative work with human painters.[2][3][6] Targeting construction firms and urban developers facing labor shortages and tight timelines, MYRO addresses menial, hazardous painting processes, with features like high-speed actuation, robust safety, and analytics dashboards driving efficiency in high-rise and interior projects.[6]
A secondary tech player is a New York-based personal care startup (also called Myro), founded in 2017 at Series A-III stage with $18.36M raised, offering refillable, plant-powered deodorants and body washes via direct-to-consumer and B2B channels like hotels, emphasizing sustainability and cost savings (e.g., 50% reduction for hospitality).[1] However, given the query's "technology company" emphasis, this analysis prioritizes the robotics firm; the beauty brand aligns more with consumer goods.[1]
MYRO International PTE emerged to tackle labor-intensive construction painting amid rapid urbanization in Asia. Based in Singapore, the company focuses on robotics products and automation solutions, with development centered on the autonomous wall-painting robot unveiled as a breakthrough for interior applications.[3][6] Key milestones include integrating advanced tech like LiDAR for navigation and AI-driven precision, positioning it as a pioneer in collaborative construction robots; no specific founding year is detailed, but it's actively marketing amid global construction tech growth.[2][6]
In contrast, the personal care Myro was founded in 2017 in New York, evolving from DTC beauty to B2B sustainability with refillable products and a 2024 Target deal plus hotel pilots, humanizing eco-innovation in hospitality.[1]
For the beauty Myro, differentiators include refillable packaging, plant-powered formulas, and B2B savings for hotels (50% on cosmetics via concentrates).[1]
MYRO rides the construction robotics wave, fueled by global urbanization, labor shortages (e.g., aging workforces in Asia/Europe), and demands for faster, greener building amid housing crises.[2][6] Timing is ideal with AI advancements enabling affordable autonomy—LiDAR and ML costs have plummeted—while regulations push sustainability (less waste aligns with green building standards).[6] Market forces like rising wages and safety concerns favor it, influencing the ecosystem by accelerating robot-human collaboration, potentially scaling to other trades like drywall or flooring.[2] This positions MYRO in the $10B+ construction tech market, bridging proptech and robotics.[6]
MYRO is primed to disrupt interior finishing, with expansion into more robot models or markets like US/EU high-rises next, leveraging pilots for commercial traction.[6] Trends like AI autonomy, prefab construction, and labor automation will propel growth, evolving its influence toward full-site robotic fleets. As urban density surges, MYRO could redefine efficient building, tying back to its core: automating the mundane to build faster, safer cities.[2][6]
Myro has raised $7.0M in total across 1 funding round.
Myro's investors include 8VC, Kairos HQ, Melo7 Tech Partners, LLC, Offline Ventures, QueensBridge Venture Partners, Serena Ventures, Slow Ventures, The Hit Forge, Upfront Ventures, Vayner RSE, Winklevoss Capital, AJ Vaynerchuk.
Myro has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in August 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2019 | $7.0M Seed | 8VC, Kairos HQ, Melo7 Tech Partners, LLC, Offline Ventures, QueensBridge Venture Partners, Serena Ventures, Slow Ventures, The Hit Forge, Upfront Ventures, Vayner RSE, Winklevoss Capital, AJ Vaynerchuk, Josh Spear, Justin Mateen, Matt Mazzeo, Scott Belsky, Sean Rad, Tom Williams |