GreyOrange Secures $135 Million in Funding to Enhance Warehouse and Fulfillment Center Automation

Robotics innovator GreyOrange has achieved a major financial milestone by raising $135 million in the initial close of its Series-D funding round. Anthelion Capital led the funding, with participation from existing investors Mithril, 3State Ventures, and Blume Ventures, signaling strong support for the company's vision and potential.

Founded in 2012 by Akash Gupta and Samay Kohli, GreyOrange specializes in the design, manufacturing, and deployment of AI-robotic systems tailored for automating routine tasks within warehouses and fulfillment centers. This recent funding infusion will serve as a catalyst for the company's plans to fortify its position as a technological leader in the field of robotics and automation.

GreyOrange is set to allocate the raised capital towards scaling up its technological capabilities, facilitating expansion initiatives, and furthering the adoption of its innovative fulfillment orchestration platform. The target areas for deployment include warehouses, distribution centers, and retail stores, where the company aims to enhance operational efficiency through cutting-edge automation solutions.

With manufacturing units strategically located in India, China, and the United States, GreyOrange has established a global presence. The company's research and development facilities, spanning various countries, including India, underscore its commitment to continuous innovation.

GreyOrange has played a pivotal role in revolutionizing warehousing operations for major players in the Indian business landscape. The company's AI-robotic systems have been instrumental in streamlining operations for notable entities such as Flipkart, Myntra, Pepperfry, Mahindra Tractors, and others.

This funding milestone positions GreyOrange for an exciting phase of growth and technological advancement, reaffirming its commitment to shaping the future of robotics in the realm of ecommerce, retail, and beyond.

HBL