GreyOrange Receives $135 Million Investment

GreyOrange, the AI-driven warehouse and retail automation leader, announced that it has received an investment of $135 million. The company emphasised that thanks to this investment, GreyOrange will further accelerate its growth and leadership in warehouse and retail automation. Akash Gupta, co-founder and CEO of the company, said that the series D financing strengthens their commitment to leadership in the field of artificial intelligence and robotic regulation.

Also See: Turkish Digital Marketing Platform Branchsight Receives Investment

Warehouse and Retail Automation Leader GreyOrange

GreyOrange, the AI-driven, warehouse and retail automation leader, announced the first closing of its Series D financing, raising $135 million. Other participants of the Series D investment round led by Anthelion Capital included Mithril, 3State, Ventures and Blume Ventures. On the other hand, GreyOrange managed to attract attention with the $ 140 million investment it received in 2018.

Founded in 2011 by entrepreneurs Akash Gupta and Samay Kohli, GreyOrange is known as a technology company operating in the warehouse and logistics field. The company draws attention with its use of advanced technologies such as robotics and artificial intelligence to increase efficiency. The company works with popular brands such as Walmart, Canada, Nike, H&M.

GreyOrange aims to strengthen its innovative approach to transforming warehouse and retail store operations with this investment. The company claims that this investment will further accelerate GreyOrange's growth and industry-defining leadership in warehouse and retail automation. GreyOrange emphasised that they will use the capital to accelerate the company's technology leadership, continue its global expansion and further support the adoption of GreyOrange's fulfilment orchestration platform in warehouses, distribution centres and retail stores.