AI supply chain robotics firm GreyOrange raises $140mn in Series C funding

By James Henderson
Share
GreyOrange, the global leader in AI-powered robots, raised $140m in Series C funding – the largest round ever raised by an industrial robotics company...

GreyOrange, the global leader in AI-powered robots, raised $140m in Series C funding – the largest round ever raised by an industrial robotics company – to accelerate its US expansion and plans to develop next generation of flexible supply chain systems.

The new funds will enable GreyOrange to fulfill its vision of developing and deploying intuitive, flexible and scalable solutions for end-to-end automation across the supply chain, from factories to fulfillment centers, and beyond.

GreyOrange 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.

Mithril Capital, co-founded by Ajay Royan and Peter Thiel, led this round, which included Binny Bansal and other existing investors including Blume Ventures.

SEE ALSO:

They join Mitsubishi, Flipkart, and the Project Verte as investors in the company. Ajay Royan, Co-Founder and Managing General Partner of Mithril Capital, will join the GreyOrange board.

Samay Kohli, Co-Founder and CEO, GreyOrange said, “We are fortunate to have an experienced management team and investors with a common vision to build the next generation of flexible supply chain systems.

“Having a veteran board member and strategist like Ajay Royan join the board will help fulfill that vision faster. Fundraising events are important milestones in a company’s journey, and for GreyOrange, the funds will allow us to continue to invest in our R&D and supply chain to maintain our market-leading position.”

Binny Bansal, Flipkart co-founder and Group CEO said, “As an entrepreneur myself, I have closely followed how Samay and Akash have built and grown GreyOrange to become an international technology company with customers across the world. I look forward to supporting and witnessing the new phase of their growth.

“The team will build on its strengths, especially in AI and machine learning, to launch new generation products for flexible automation.”

Share

Featured Articles

This Week's Top Five Stories in Supply Chain

Supply Chain Digital looks back on five of the biggest stories we've covered this week, featuring the likes of Blue Yonder, GXO, Gartner and Unilever

Inside Exotec's Grand Next Gen Skypod Unveiling

Exotec launches the Next Generation Skypod, enhancing warehouse efficiency with improved storage density, higher throughput and integrated logistics

The Panama Canal and its Crucial Role in the EV Supply Chain

Supply Chain Digital examines the Panama Canal's vital role in the EV supply chain amid geopolitical tension and global trade volatility

Q&A: JP Lauer at GEP Europe Tour 2025, Amsterdam

Procurement

Blue Yonder: Optimising Cold Chain Operations for RealCold

Operations

This Week's Top Five Stories in Supply Chain

Digital Supply Chain