How Much Did GreyOrange Raise? Funding & Key Investors

GreyOrange has successfully raised significant capital through multiple funding rounds, including a recent Series D round. The company specializes in AI-driven software and mobile robots designed to optimize warehouse operations.

Keep reading to explore the intricacies of GreyOrange's fundraising journey and the investors backing this innovative platform.

What Is GreyOrange?

Founded in 2011 in Roswell, Georgia, GreyOrange specializes in AI-driven software and mobile robots for warehouse optimization. The company was established by Akash Gupta, Samay Kohli, and Wolfgang Hoeltgen.

GreyOrange's innovative solutions include AI-driven warehouse execution systems and autonomous mobile robots, designed to enhance efficiency and productivity in warehouse operations. Their flagship product, GreyMatter, orchestrates various warehouse activities seamlessly.

With a workforce of 501-1000 employees, GreyOrange operates globally, serving clients in the United States, Singapore, Germany, Japan, and India.

How Much Funding Has GreyOrange Raised?

1. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: September 2012
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of their AI-driven warehouse solutions.
2. Angel Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2013
   • Lead Investors: BITS Spark Angels, Blume Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure early-stage funding for product development and market entry.
3. Series A
   • Amount Raised: ₹540M
   • Date: April 2014
   • Lead Investors: Blume Ventures, Tiger Global Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their product offerings and scale operations.
4. Series B
   • Amount Raised: ₹1.9B
   • Date: August 2015
   • Lead Investors: Tiger Global Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance their technology and increase market penetration.
5. Series C
   • Amount Raised: $140M
   • Date: September 2018
   • Lead Investors: Mithril Capital Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support global expansion and further technological advancements.
6. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2019
   • Lead Investors: InnoVen Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fuel growth and operational scaling.
7. Debt Financing
   • Amount Raised: $13.1M
   • Date: December 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To manage cash flow and operational expenses.
8. Venture Round
   • Amount Raised: $110M
   • Date: May 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and market expansion.
9. Debt Financing
   • Amount Raised: Not publicly disclosed
   • Date: May 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational costs and strategic initiatives.
10. Series D
    • Amount Raised: $135M
    • Date: December 2023
    • Lead Investors: Anthelion Capital
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further develop and expand their fulfillment orchestration platform.

Total Amount Raised: $398.1M

Current Valuation: Not publicly disclosed

Key Investors

• Anthelion Capital
  • Details: Led by Vusal Najafov, Anthelion Capital is an investment firm that focuses on innovative companies with the potential to transform industries.
  • Investment Focus Areas: Warehouse automation, supply chain management, operational efficiency.
  • Notable Investments: Not publicly disclosed.
• Blume Ventures
  • Details: Blume Ventures is an early-stage venture capital firm based in India, known for backing technology startups.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: Unacademy, Dunzo, HealthifyMe.
• InnoVen Capital
  • Details: InnoVen Capital is a venture debt firm that provides debt capital to high-growth companies in Asia.
  • Investment Focus Areas: Technology, consumer services, healthcare.
  • Notable Investments: Swiggy, Byju's, OYO Rooms.
• Mithril Capital Management
  • Details: Mithril Capital Management is a growth-stage investment firm co-founded by Peter Thiel and Ajay Royan, focusing on transformative and technology-driven companies.
  • Investment Focus Areas: Technology, healthcare, industrials.
  • Notable Investments: Palantir Technologies, Helion Energy, C2FO.
• Tiger Global Management
  • Details: Tiger Global Management is a global investment firm that invests in private and public companies, with a focus on technology-driven businesses.
  • Investment Focus Areas: Technology, consumer internet, software.
  • Notable Investments: Facebook, LinkedIn, Spotify.

What's Next for GreyOrange?

GreyOrange stands at the cusp of a transformative era in warehouse automation. With the recent $135 million Series D funding, the company is poised to expand its fulfillment orchestration platform across warehouses, distribution centers, and retail stores. This sector, described as a "greenfield opportunity area," offers immense growth potential, driven by the increasing demand for efficient supply chain solutions.

Future fundraising opportunities seem promising, given the strong investor confidence and the growing market for automation. However, GreyOrange may face challenges such as high technical and capital expenditures and competition from established players like Amazon and Locus. Despite these hurdles, the company's innovative solutions and strategic investments position it well for continued success.

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