The funding will help GreyOrange expand its operations and increase the adoption of its platform. Here are the top-line bullets you need to know.
GreyOrange, a warehouse robotics firm, has raised $110M in a mix of debt and equity. The Series D equity round drew participation from BlackRock and Mithril Capital Management, and the debt financing was provided by undisclosed investors.
How’s the company performing?
- Georgia-based GreyOrange provides AI-powered software and robots to help optimize warehouse operations and order fulfillment.
- GreyOrange currently has offices in the US, the UK, Germany, Japan, Singapore, and India.
Source: GreyOrange
Why does the market matter?
- The global autonomous mobile robots market is expected to reach a value of $8.3B by 2027, growing at a CAGR of 19.6%, according to Grand View Research.
- The increased adoption of process automation has contributed to market growth.
- E-commerce volumes skyrocketed amid the pandemic, increasing the demand for fulfillment solutions.
