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HomeFunding CA-based GrayMatter Raises $45M Series B Funding

[Funding News] CA-based GrayMatter Raises $45M Series B Funding

Robotics company GrayMatter has raised $45M Series B Funding. Wellington Management led the round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.

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With the new capital, GrayMatter is actively hiring for a wide range of roles to meet customer demands, expanding its Los Angeles headquarters, and accelerating the development and deployment of its next-generation AI-powered robotic solutions.

Read also – TOMIS Acquires New Zealand-based Tech Company Yonder

“We founded GrayMatter to enhance productivity while prioritizing workforce well-being,” said Ariyan Kabir, co-founder and CEO. “With our physics-based AI-powered systems, we are fulfilling our mission while unlocking new levels of efficiency and productivity. With our investors’ support, we are making a real difference for shop workers and addressing the critical labor shortages in manufacturing today.”

“GrayMatter is driving a pivotal transformation in manufacturing with their advanced AI solutions,” said Sean Petersen, sector lead for private climate investing, Wellington Management. “Their ability to enhance productivity, energy efficiency and safety while managing costs, positions them uniquely in the market. We are excited to support their journey towards scaling these innovative technologies across various industries.”

About GrayMatter Robotics

founded in 2020 by SK Gupta, Ariyan Kabir, and Brual Shah, GrayMatter’s mission is to enhance human productivity and improve the quality of life. We are transforming the future of manufacturing with robotics and our proprietary AI, designed into smart robotic cells that assist humans in tedious and ergonomically challenging tasks.

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