GreyOrange, a leading robotics firm specializing in warehouse and fulfillment center automation, has successfully raised $135 million in the first close of its Series D funding round. Anthelion Capital (formerly Cowen Sustainable Investments) spearheaded the investment, with participation from existing investors Mithril, 3State Ventures, and Blume Ventures.
The funds garnered in this round will be strategically utilized by GreyOrange to further enhance its technology leadership, expand its operations, and drive the adoption of its fulfillment orchestration platform in warehouses, distribution centers, and retail stores.
Founded in 2012 by Akash Gupta and Samay Kohli, GreyOrange is renowned for designing, manufacturing, and deploying AI-based robotic systems that automate routine tasks in warehouses and fulfillment centers for major e-commerce and retail companies. The company, with manufacturing units in India, China, and the US, boasts research and development facilities in multiple countries, including India.
GreyOrange has played a pivotal role in optimizing warehousing operations for prominent Indian companies such as Flipkart, Myntra, Pepperfry, Mahindra Tractors, among others. The infusion of funds will further propel the company’s mission to revolutionize and streamline supply chain operations.
Akash Gupta, Co-founder of GreyOrange, emphasized, “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 customer’s success, as well as our own.”
Vusal Najafov, Co-founder of Anthelion Capital, acknowledged GreyOrange’s significant impact on warehouse management, stating, “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.”
This funding round follows GreyOrange’s previous successful financing, where the firm secured $110 million in growth financing. A considerable portion of the funds came from existing investor Mithril Capital Management, alongside contributions from new investors.
To date, GreyOrange has raised close to $425 million in total funding, positioning itself as a major player in the rapidly evolving robotics and automation landscape.
