Greyorange closes $140 million in Series C funding
Greyorange, the global leader in Ai-powered robotics systems for flexible automation across fulfillment centers in supply chain, has announced US$140 million in Series C funding, marking the largest round ever raised by an industrial robotics company. Mithril Capital, co-founded by Ajay Royan and Peter Thiel, led this round, which included Binny Bansal and other existing investors such as Blume Ventures. They join Mitsubishi, Flipkart, and the Project Verte as investors in the company. The new funds will enable the automation giant to fulfill its vision of developing and deploying intuitive, flexible and scalable solutions for endto-end automation across the supply chain, from factories to fulfillment centers, and beyond. The firm plans to build on the strong growth it has experienced over the past five years by expanding operations across Asia, Europe and the U.S. To that end, the company recently established its U.S. headquarters and manufacturing facility in Atlanta, Georgia, and launched a major R&D center in Boston, Massachusetts.