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Data Center News > Blog > Investments > GrayMatter Raises $45M in Series B Funding
Investments

GrayMatter Raises $45M in Series B Funding

Last updated: June 20, 2024 4:17 pm
Published June 20, 2024
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GrayMatter Robotics
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GrayMatter Robotics

GrayMatter Robotics, a Los Angeles, CA-based robotics firm delivering autonomous robotic options, raised $45M in Collection B funding.

The spherical was led by Wellington Administration. Different traders included NGP Capital, Euclidean Capital, Advance Enterprise Companions, SQN Enterprise Companions, and different current traders 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.

The corporate intends to make use of the funds to speed up the event and deployment of its AI-powered robotic options.

Led by CEO Ariyan Kabir, GrayMatter Robotics is an AI and superior robotics firm delivering autonomous robotic options for tedious and ergonomically difficult duties comparable to sanding, sharpening, grinding, coating, and ending. It bundles its proprietary AI applied sciences with robots, sensors, and instruments and supplies application-specific options to clients in a Robotic-as-a-Service (RaaS) format. It’s serving producers enhance the standard of lifetime of store flooring staff, improve manufacturing capability, and cut back scrap, restore, and rework prices. 

Consultant merchandise contains Scan&Sand™, Scan&Polish™, Scan&Buff™, and Scan&Grind™. 

GrayMatter has a buyer base throughout industries together with aerospace & protection, specialty autos, maritime, metallic fabrication, and shopper merchandise comparable to sports activities gear. 

FinSMEs

20/06/2024

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See also  Zinclusive Raises $10M in Funding
TAGGED: 45m, Funding, GrayMatter, Raises, Series
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