Warehouse Robotics Firm Greyorange Raises $110M Via Growth Financing
05/17/22, 2:30 PM
Location
atlantaMoney raised
$110 million
Robotics firm GreyOrange this week announced it has raised $110 million. The funding comes four years after a $140 million Series C that brought the Atlanta-based company’s raise to $170 million. Rather than the standard fundraising round, however, GreyOrange has opted for growth financing, largely backed by Mithril Capital Management, with support from BlackRock.
Company Info
Location
atlanta, georgia, united states
Additional Info
The news follows reports from last year that the firm was looking to raise $500-600 million by way of an IPO. The company tells TechCrunch that it moved operations to Atlanta, Georgia three years later. Much of the funding will go toward hiring, as the company looks to add an additional 300 roles in engineering, product, marketing and sales.