The firm has previously raised $140 million in a Series C round in 2018 and has high-profile customers like Walmart Canada, Nike, and H&M. The latest funding will be used, in part, to deliver systems to customers. Despite some investment slowdowns due to economic factors, the warehouse and fulfillment sector continues to grow, driven by the surge in online shopping during the pandemic.
Key takeaways:
- GreyOrange, a robotics company based in Georgia, has closed a $135 million growth financing Series D, led by Anthelion Capital with participation from Mithril, 3State Ventures and Blume Ventures.
- The company, which provides solutions for warehouse, fulfillment and 3PL needs, has high-profile customers including Walmart Canada, Nike and H&M.
- Despite the pandemic, the warehouse/fulfillment sector remains a significant and growing category, with companies like Amazon, Locus, 6 River Systems and Fetch leading the space.
- GreyOrange plans to use the funding to deliver systems to customers, building a full stack solution that includes autonomous mobile robots, forklifts, bin systems for picking, and fleet management software.