GrayMatter Robotics raises $45M Series B funding led by Wellington Management for AI-powered manufacturing solutions.
GrayMatter Robotics raises $45 million Series B funding led by Wellington Management, with participation from NGP Capital, Euclidean Capital, and B Capital. The AI-powered robotics company aims to accelerate its unique solutions for manufacturing's toughest problems and challenges, offering a 2-4x improvement in production line productivity, 30% reduction in consumable waste, and a system availability of over 95%. The funds bring GrayMatter's total amount raised to date to $70.4 million.
June 20, 2024
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