GreyOrange, a frontrunner in AI-powered fulfillment automation, has raised $135 million in its Series D funding.
The investment, spearheaded by Anthelion Capital (previously known as Cowen Sustainable Investments), stands as a testament to GreyOrange’s pioneering strides in revolutionizing warehouse and retail operations through an adaptable software platform and an extensive suite of certified robotic and sensing technologies.
This substantial funding signifies a resounding validation of GreyOrange’s innovative approach and its ability to transform the landscape of global supply chain automation. With a track record of substantial growth and adoption rates among Fortune 500 clientele, GreyOrange has positioned itself as a forerunner in steering technological metamorphosis within the sector.
Notably, the support from existing investors, including Mithril, 3State Ventures, and Blume Ventures, further reinforces GreyOrange’s trajectory. Their unwavering commitment, coupled with the substantial capital from previous rounds, underscores a solid backing for the company’s vision.
The influx of capital from this Series D funding will enable GreyOrange to bolster its technological supremacy, expand its global footprint, and drive the adoption of its fulfillment orchestration platform across warehouses, distribution centers, and retail outlets.
“This Series D funding amplifies our commitment to leadership within the AI and robotics orchestration space and affirms our thought leadership within this market,” Akash Gupta, Co-Founder and CEO of GreyOrange, said.
This announcement aligns with predictions from the 2023 Gartner Hype Cycle for Supply Chain Execution Technologies report, forecasting that by 2027, over 75 percent of companies will integrate some form of cyber-physical automation within their warehouse operations. GreyOrange’s strides in this direction reaffirm its position at the forefront of this transformative wave.
