GreyOrange Raises $140 Million for Industrial Robotics Systems for Supply Chain Management

Published by , September 17, 2018 12:42 pm

(VentureBeat) GreyOrange robotics systems company recently announced a $140 million funding round. GreyOrange’s area of expertise is supply chain management, where it believes it can reduce 10 to 15 percent of inventory in transit with autonomous machines. “GreyOrange offers robotics technology for operating flexible automated warehouses and has the largest market share globally in this space,” said co-founder and CEO Samay Kohli.
The funding was led by Mithril Capital, with participation from existing investors including Blume Ventures. Ajay Royan, who cofounded Mithril Capital with Peter Thiel, will join the startup’s board. GreyOrange is registered out of Singapore.

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