GrayMatter Robotics raised $45M in Series B funding led by Wellington Management to accelerate its AI-powered robotics solutions for the manufacturing industry's challenges.
GrayMatter Robotics raised $45M in Series B funding led by Wellington Management to accelerate its AI-powered robotics solutions for the manufacturing industry's challenges.
06/20/24, 3:38 PM
Location
gardenaMoney raised
$45 million
Industry
information technology
industrial automation
Round Type
series b
Investors
Swift Ventures, Oca Ventures, Calibrate Ventures, Bow Capital, B Capital, 3 M Ventures, Sqn Venture Partners, Advance Venture Partners, Euclidean Capital, Ngp Capital, Wellington Management
GrayMatter Robotics announced a $45 million Series B funding round led by Wellington Management, with participation from NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors. The funding will be used to accelerate the development of AI-powered robotics solutions for addressing challenges in the manufacturing industry.
Company Info
Location
349 w. 168th street
gardena, california, united states
Additional Info
GrayMatter Robotics is an AI-Robotics company delivering smart robotic automation solutions for tedious and ergonomically challenging tasks. It bundles its proprietary AI technologies with off-the-shelf robots, sensors, and tools and provides application-specific turnkey solutions to customers in a Robot-as-a-Service (RaaS) format. GrayMatter Robotics is helping manufacturers improve the quality of life of shop floor workers, enhance the production capacity, and reduce scrap, repair, and rework costs.