GreyOrange – a leader in AI-driven fulfillment automation – recently announced the first close of its Series D funding, securing $135 million. This funding, led by Anthelion Capital (formerly Cowen Sustainable Investments), reinforces GreyOrange’s innovative approach to transforming warehouse and retail store operations through a hardware-agnostic software platform and a dynamic range of certified robotic and sensing technologies.
The company’s growth and adoption rates with market-leading Fortune 500 customers validate GreyOrange’s capability to lead tech transformation in global supply chain automation.
This latest funding round also reflects a strong vote of confidence from existing investors such as Mithril, 3State Ventures, and Blume Ventures. And their continued support and significant capital from previous rounds underscore their unwavering commitment to GreyOrange.
GreyOrange will deploy the growth capital to accelerate its technology leadership, continue its global expansion, and support adopting GreyOrange’s fulfillment orchestration platform in warehouses, distribution centers, and retail stores.
KEY QUOTES:
“Not only has GreyOrange automated the movement of goods within the warehouse, but the company has also built a network that optimizes how retailers move their goods across their entire supply chain. Their capability to improve operational efficiency in various settings and their innovative approach in transforming inventory into a more productive asset in warehouses and retail spaces are key reasons for our excitement in leading this funding round.”
- Vusal Najafov, Co-Founder, Anthelion Capital
“As we scale our technology and enhance customer experiences and operational efficiency, we recognize that keeping the needs of our customers at the center of our product and solution roadmap has proven essential for our customers’ success, as well as our own. This Series D funding amplifies our commitment to leadership within the AI and robotics orchestration space and affirms our thought leadership within this market.”
- Akash Gupta, Co-Founder and CEO, GreyOrange
“GreyOrange’s technical and commercial advances reinforce our shared mission to bring game changing automation and productivity to retail. GreyOrange’s thoughtful implementation of their pioneering technology has earned the trust of the world’s largest retailers and logistics partners. GreyOrange is leading a major shift in productivity, safety, and novel forms of convenience that will benefit hundreds of millions of consumers.”
- Ajay Royan, Founder and Managing General Partner of Mithril Capital
