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GreyOrange secures $135 mn Series D funds
Mint Mumbai
|December 22, 2023
The firm will utilize the capital to advance its technology, expand globally
GreyOrange, a robotics startup backed by Tiger Global, has secured $135 million in a Series D funding round, led by Anthelion Capital (formerly Cowen Sustainable Investments), it said in a statement on Thursday. The round also saw the participation of Mithril, 3State Ventures and Blume Ventures.
"Not only has GreyOrange automated the movement of goods in warehouses, but it has also built a network that optimizes how retailers move goods across their entire supply chain," Vusal Najafov, co-founder, Anthelion Capital, said.
"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 leading this round." GreyOrange will utilize the capital to advance its technology, expand globally, and drive adoption of its platform, it said.
Esta historia es de la edición December 22, 2023 de Mint Mumbai.
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