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

Parker LORD MicroStrain Sensing System

Parker LORD MicroStrain Sensing System

The new complete inertial navigation solution comes with GNSS/INS 3DMGQ7 sensor, 3DMRTK correction modem and real time SensorCloud RTK correction network. The sensor comes with Dual antenna GNSS, tactical grade IMU with centimeter-level accuracy with RTK. Low profile and light weight at 78 grams, this sensor is The sensor is optimized for size and weight in Unmanned Ground Vehicles, mobile robots and autonomous vehicles. The network interface 3DMRTK modem is seamlessly integrated into the 3DMGQ7 sensor supports industry-standard NMEA and RTCM 3.1 protocols. The network RTK support comes with cellular data plan. The SensorCloud RTK is a cloud-based RTK correction system with private encrypted data stream. Check out our G Series and C Series OEM products.