GreyOrange Closes $140 Million Series C, Marking the Biggest Fundraising in Industrial Automation Systems
Sep 07, 2018 Picture: New funds enable GreyOrange to accelerate the fulfillment of its vision to develop the next generation of flexible supply chain systems SINGAPORE--(BUSINESS WIRE)--GreyOrange™, the global leader in AI-powered robotics systems for flexible automation across fulfillment centers in supply chain, has announced US$140 million in Series C funding, marking the largest round ever raised by an industrial robotics company. Mithril Capital, co-founded by Ajay Royan and Peter Thiel, led this round, which included Binny Bansal and other existing investors including Blume Ventures. 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. “As a global investor focused on emerging category leaders, Mithril is proud to partner with the GreyOrange team to advance our shared vision of a universal platform for flexible automation. As online and offline channels converge...
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