GreyOrange Raises $135 Million in Series D Funding to Accelerate Robotic Automation Innovation

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Tech News Summary:

  • GreyOrange Inc. completes Series D fundraising round, securing US$135 million led by Anthelion Capital, highlighting confidence in their innovative approach to revolutionizing retail and warehouse operations through advanced robotics and sensor technologies.
  • Funding will support development of hardware-independent software platform, scale technology, improve customer experiences, and enhance operational efficiency, demonstrating the company’s commitment to leadership within the AI and robotics orchestration space.
  • Existing backers such as Blume Ventures, 3State Ventures, and Mithril also showed strong support for GreyOrange in this fundraising round, marking a pivotal moment for the company as it continues to solidify its position as a leader in AI-powered compliance automation.

Today, GreyOrange, a leading provider of AI-powered robotic automation solutions for fulfillment centers, has announced a monumental achievement in securing a massive $135 million in Series D funding. This substantial investment, led by Mithril Capital and with participation from various existing investors, is set to propel the company’s vision for robotic automation to new heights.

GreyOrange’s innovative solutions are revolutionizing the way fulfillment centers operate, offering unmatched efficiency and scalability. The company’s cutting-edge robots and AI-powered software have helped businesses optimize their warehouse operations, increase productivity, and meet the growing demands of e-commerce.

With the new funding, GreyOrange is poised to further expand its reach and accelerate the development of new technologies to enhance automation in fulfillment centers. This includes investing in R&D, bolstering its global operations, and strengthening its position as a leader in the industry.

Speaking about the investment, Samay Kohli, Co-founder and CEO of GreyOrange, expressed his gratitude for the continued support from investors and the confidence in the company’s vision. He stated, “This funding round represents a significant milestone for GreyOrange and underscores the growing demand for intelligent robotic automation solutions in the era of digital transformation. We are excited to leverage this investment to drive innovation and bring the benefits of robotic automation to more businesses around the world.”

With this latest funding round, GreyOrange is well-positioned to drive the future of robotic automation and support businesses in their journey towards greater efficiency, flexibility, and competitiveness in the rapidly evolving landscape of fulfillment and logistics. This development marks an exciting chapter for the company and the industry as a whole, as the potential for robotic automation continues to expand and redefine the way businesses operate.

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