AI driven warehouse and retail automation firm GreyOrange announces $135m Series D funding round

GreyOrange has announced the first close of its Series D funding, securing $135 million.

This was led by Anthelion Capital (formerly Cowen Sustainable Investments).

“Not only has GreyOrange automated the movement of goods within the warehouse, but the company has also built a network that optimises how retailers move their goods across their entire supply chain,” says Vusal Najafov, Co-Founder, Anthelion Capital.

"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 our excitement in leading this funding round."

The funding round also included existing investors such as Mithril, 3State Ventures, and Blume Ventures.

GreyOrange will use the cash to boost its technology offering, continue its global expansion, and further support the adoption of its fulfilment orchestration platform in warehouses, distribution centres, and retail stores. 

“As we scale our technology and enhance customer experiences and operational efficiency, we recognise that keeping the needs of our customers at the centre of our product and solution roadmap has proven essential for our customers’ success, as well as our own,” says Akash Gupta, Co-Founder and CEO, GreyOrange.

"This Series D funding amplifies our commitment to leadership within the AI and robotics orchestration space and affirms our thought leadership within this market."  

“GreyOrange’s technical and commercial advances reinforce our shared mission to bring game changing automation and productivity to retail,” says Ajay Royan, Founder and Managing General Partner at Mithril Capital.

“The thoughtful implementation of their pioneering technology has earned the trust of the world’s largest retailers and logistics partners. GreyOrange is leading a major shift in productivity, safety, and novel forms of convenience that will benefit hundreds of millions of consumers.”