GreyOrange Closes $110 Million Growth Financing

GreyOrangeAnonymous AtlantaGA-based global leader for automated robotic fulfillment and inventory optimization software, elicited $110m in growth financing.

TheThe majority of the investments were made in India. Mithril Capital ManagementA group of existing and new investors. Separate financing provided by BlackRock funds and accounts.

TheCompany plans to use the funds in order to increase its technology leadership, continue its global growth, and support the adoption of its fulfillment platform at warehouses, distribution centres, and retail stores. GreyOrangeBlackRock will also use part of the debt financing to finance its headcount in key areas and create 300 jobs in the region. Customer Success, Sales, Marketing, Product EngineeringTeams with a special focus in roles that deliver exceptional customer experience.

LedBy Samay Kohli, co-founder, and CEO GreyOrangegStore is a mobile first SaaS app that transforms stores into tech enabled, personalized experience hubs. ThegStore software solutions can be deployed in stores as a stand-alone solution or as part a larger system. GreyOrange’s ecosystem-wide fulfillment platform. 

The GreyOrange fulfillment platform, which integrates across every node in a retailer’s fulfillment network, provides adaptive learning and continuous process automation, as well as an ecosystem for third-party software, robotics and hardware application development. ItsGreyMatter software makes use of machine learning to optimize fulfillment operations. This allows for efficient inventory movement in a fully integrated, end–to-end solution.

TheCompany currently serves global retail industry leaders, including Walmart, H&M, COS, CoupangGXO Logistics.

FinSMEs

18/05/2022

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