Robotics company GreyOrange raised $135 M Series D funding from Anthelion Capital
Anthelion Capital led GreyOrange’s Series D funding round, which raised $135 million at its first close. GreyOrange is a software company that optimizes inventory and provides automated robotic fulfillment. Participating in the round were established investors like Blume Ventures, 3State Ventures, and Mithril.
GreyOrange raised $110 million in May 2022, with Mithril Capital leading the effort.
GreyOrange plans to use the additional funds to expand internationally, maintain its position as a leader in technology, and encourage more warehouses, distribution centers, and retail locations to use its fulfillment orchestration platform.
GreyOrange has raised more than $420 million to date. But the company kept its valuation a secret.
GreyOrange is a company founded by Samay Kohli and Akash Gupta that develops, produces, and uses AI-based robotic systems to automate repetitive tasks at warehouses and fulfillment centers for major retail and e-commerce companies.
By boosting output, enabling growth and scale, addressing labor issues, lowering risk and time to market, and improving customer and employee experiences, the company’s solutions give it a competitive edge.
With R&D centers located in several nations, including India, the company backed by Tiger Global has manufacturing facilities in China, India, and the United States.
GreyOrange recently declared a strategic alliance with Hai Robotics, a multinational provider of automated storage and retrieval systems (ASRS). The capacity to adjust to spikes in demand and the constantly changing habits of customers will be made possible by this partnership.
Addverb Technologies, backed by Reliance, is an alternative to GreyOrange available in India.
In 2021, the company was assessing the possibility of going public in the United States. The IPO plan, however, was not mentioned in the company’s most recent release.
