GreyOrange Inc., a leading player in AI-driven fulfillment automation, has announced the successful completion of its Series D fundraising round, securing a total of US $ 135 million.
Anthelion Capital, formerly known as Cowen Sustainable Investments, spearheaded this investment, reinforcing GreyOrange’s innovative approach to revitalising retail store and warehouse operations through a diverse suite of certified robotic and sensor technologies. The funding will also support the development of a hardware-independent software platform.
“As we scale our technology and enhance customer experiences and operational efficiency, we recognise that keeping the needs of our customers at the centre of our product and solution roadmap has proven essential for our customers’ success, as well as our own,” commented Akash Gupta, Co-Founder and CEO, GreyOrange, adding, “This Series D funding amplifies our commitment to leadership within the AI and robotics orchestration space and affirms our thought leadership within this market.”
Vusal Najafov, Co-Founder of Anthelion Capital, mentioned, “Their (GreyOrange) 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.”
The Series D fundraising round received strong support from existing backers such as Blume Ventures, 3State Ventures, and Mithril, indicating their continued commitment to GreyOrange’s success. The funds raised will be utilised as growth capital to further deploy GreyOrange’s fulfillment orchestration platform in warehouses, distribution centres, and retail outlets. Additionally, the capital will fuel the company’s ongoing technological leadership initiatives and facilitate global expansion.
