Warehouse Robotics Firm Greyorange Raises $110M Via Growth Financing
PRIVATEMay 17, 2022
Amount Raised
$110 Million
Round Type
Funding Round
AtlantaInformation TechnologySoftware Development
Description
Robotics firm GreyOrange this week announced it has raised $110 million. The funding comes four years after a $140 million Series C that brought the Atlanta-based company’s raise to $170 million. Rather than the standard fundraising round, however, GreyOrange has opted for growth financing, largely backed by Mithril Capital Management, with support from BlackRock.
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Company Information
Company
Grey Orange International Inc.
Location
660 HEMBREE PARKWAY, SUITE 120
Atlanta, Georgia, United States
About
GreyOrange provides retailers, warehouse operators and third-party logistics providers (3PLs) around the world with automated robotic fulfillment and inventory optimization solutions. We help our customers increase productivity, mitigate labor challenges and reduce risk – all while enabling better experiences for their customers and employees.
We also created the world’s first vendor-agnostic, multiagent fulfillment orchestration platform. Powered by AI, our GreyMatter platform continuously maximizes warehouse performance in real time by taking the right actions, in the right order, at the right location, with the right bot and picker.
In retail stores, our AI-driven inventory and workforce optimization solutions leverage real-time intelligence and smart store tech to drive shopper engagement and empower store managers, merchandisers and associates to take impactful actions.
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AtlantaInformation TechnologySoftware Development