The funding comes as the warehouse and fulfillment sector continues to grow, fueled by the rise in online shopping during the pandemic. Despite this, GreyOrange and others in the space are already looking towards what comes next in the industry. The company plans to use the new funding to deliver systems to customers.
Key takeaways:
- GreyOrange, a robotics company based in Georgia, has raised $135 million in a Series D funding round led by Anthelion Capital, with participation from Mithril, 3State Ventures and Blume Ventures.
- The company, which was founded in 2011, has high-profile customers including Walmart Canada, Nike and H&M.
- GreyOrange has been developing a full stack solution for warehouse, fulfillment and 3PL needs, including autonomous mobile robots, forklifts and bin systems for picking, along with its own fleet management software.
- CEO Akash Gupta has indicated that part of the funding will be used to deliver systems to customers.