Robotics firm GreyOrange raises $30 million, to expand overseas

GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.
The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse.
"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011.
The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day.
The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment.  Cont'd..
 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

E4T & S4T Miniature Optical Kit Encoders - Available in CPRs up to 500

E4T & S4T Miniature Optical Kit Encoders - Available in CPRs up to 500

High resolution. Limited space. Not a problem for our latest miniature encoders that provides precise feedback and is easy to install within smaller-sized applications. Now available in 400 and 500 CPRs. Coming in at about the size of a nickel, we've added our proprietary Opto-ASIC sensor technology and improved quadrature for even greater motion control. Product Features: 10 resolutions up to 360 CPR, plus new 400 and 500 CPR resolution; 288 configurations available, including single and differential output; Compact form factor • 0.866 inch (in) / 22.00 millimeter (mm) package outside diameter • 0.446 in / 11.33 mm package height • Fits NEMA 8, 11, 14 and 17 motors; Simple and efficient assembly process • Four-piece construction • Push-on hub disk design, patent pending; 100 kilohertz frequency response; Shafted version up to 0.25 in / 6.25 mm diameter.