GreyOrange is a warehouse robot developer headquartered in Singapore. It has just received $140 million in Series C funding to meet its expansion and business growth. Founded in 2011, GreyOrange currently It has five major offices around the world, located in India, Singapore, Japan, Germany and the United States, in addition to three R&D centers and more than 60 retail customers. Robot lithium battery
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GreyOrange currently has two flagship products, one is the "Butler" that can move heavy shelves and equipment around the warehouse, and the other is a large robot called "Sorter".
The new funding was led by Mithril Capital, which was co-founded by American investor Peter Thiel and Ajay Royan, co-founder of Flipkart Binny Bansal and Blume Ventures also participated.
GreyOrange Butler- Robotic System for Put Away & Picking (via)
Company founders Samay Kohli and Akash Gupta in an interview with TechCrunch At that time, he said: "In the next 3 to 4 years, we hope to be the first to achieve the goal of the first purely autonomous warehouse."
However, in this field, GreyOrange also faces competition from players such as Kiva under Amazon.
