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Venture Capital News: GrayMatter Robotics Scoops Up $45M Series B

2024-06-24
LOS ANGELES, CA, GrayMatter Robotics, an AI-powered robotics leader empowering humans with intelligent automation, has announced $45 million in 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.

GrayMatter Robotics is an AI and advanced robotics company delivering autonomous robotic solutions for tedious and ergonomically challenging tasks. It bundles its proprietary AI technologies with off-the-shelf robots, sensors, and tools and provides application-specific turnkey solutions to customers in a Robot-as-a-Service (RaaS) format. GrayMatter Robotics is helping manufacturers improve the quality of life of shop floor workers, enhance production capacity, and reduce scrap, repair, and rework costs.
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