Robotics developer GreyOrange has raised series C funding from investors including Mitsubishi and Flipkart to drive international growth.
Singapore-based automated robotics technology producer GreyOrange completed a $140m series C round featuring diversified conglomerate Mitsubishi and e-commerce company Flipkart yesterday.
Investment firm Mithril Capital led the round, which included venture capital firm Blume Ventures, Project Verte and Binny Bansal, co-founder and chief executive of Flipkart, as well as unnamed existing investors.
Founded in 2011, GreyOrange develops artificial intelligence-equipped robotics systems for use in e-commerce and logistics operations.
The company’s products include Butler, an inventory management and order-picking robot, and…
