GrayMatter Robotics, a Los Angeles, CA-based robotics company delivering autonomous robotic solutions, raised $45M in Series B funding.
The round was led by Wellington Management. Other investors 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.
The company intends to use the funds to accelerate the development and deployment of its AI-powered robotic solutions.
Led by CEO Ariyan Kabir, GrayMatter Robotics is an AI and advanced robotics company delivering autonomous robotic solutions for tedious and ergonomically challenging tasks such as sanding, polishing, grinding, coating, and finishing. It bundles its proprietary AI technologies with robots, sensors, and tools and provides application-specific solutions to customers in a Robot-as-a-Service (RaaS) format. It is serving manufacturers improve the quality of life of shop floor workers, enhance production capacity, and reduce scrap, repair, and rework costs.
Representative products includes Scan&Sand™, Scan&Polish™, Scan&Buff™, and Scan&Grind™.
GrayMatter has a customer base across industries including aerospace & defense, specialty vehicles, maritime, metal fabrication, and consumer products such as sports equipment.
FinSMEs
20/06/2024