GreyOrange Raises $135 Million in Series D

GreyOrange Inc. has successfully raised $135 million in the initial phase of its Series D funding. GreyOrange plans to use the funding to speed up its technology advancement and expand globally. The goal is to help more warehouses, distribution centers, and retail stores adopt its fulfillment orchestration platform.

Anthelion Capital led the funding round with participation from existing investors like Mithril, 3State Ventures, and Blume Ventures. Their ongoing backing, combined with substantial capital from earlier rounds, demonstrates their steadfast dedication to GreyOrange.

Vusal Najafov, Co-Founder, Anthelion Capital, commented:

 “Not only has GreyOrange automated the movement of goods within the warehouse, but the company has also built a network that optimizes how retailers move their goods across their entire supply chain. Their 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.”

GreyOrange leads the way in AI-powered robotics for distribution and fulfillment centers globally. Their focus on organization, creativity, and keeping customers happy brings a fresh approach to efficient supply chain solutions. Their solutions give an edge by boosting productivity, enabling growth, tackling labor issues, cutting risks and time, and making better experiences for customers and workers. Established in 2012, GreyOrange is based in Atlanta, Georgia, with offices and partners worldwide.

This funding round underscores GreyOrange’s innovative methods in revolutionizing warehouse and retail operations. They achieve this through a versatile software platform compatible with various hardware. Additionally, they integrate a diverse set of certified robotic and sensing technologies. The company’s significant growth and adoption by top Fortune 500 customers highlight its ability to lead technological advancements in global supply chain automation.

Akash Gupta, Co-Founder and CEO, GreyOrange, commented:

“As we scale our technology and enhance customer experiences and operational efficiency, we recognize that keeping the needs of our customers at the center of our product and solution roadmap has proven essential for our customers’ success, as well as our own. This Series D funding amplifies our commitment to leadership within the AI and robotics orchestration space and affirms our thought leadership within this market.”