Robotics Developer GrayMatter Raises $45M Series B

The company’s AI-powered robotics solutions perform complex and labor-intensive manufacturing tasks.

Written by Ashley Bowden
Published on Jun. 21, 2024
Robotics Developer GrayMatter Raises $45M Series B
Photo: Shutterstock

GrayMatter Robotics recently secured $45 million in Series B funding led by Wellington Management. The company develops AI-powered robotic solutions that automate complex and labor-intensive tasks such as sanding, polishing, grinding, coating and finishing in manufacturing environments.

GrayMatter’s technology aims to increase productivity and consistency in quality, while also improving the working conditions for employees on the manufacturing floor. Its solutions are adaptable to various manufacturing environments, helping businesses more efficiently meet increasing demands.

The company’s new funding, which brings its total capital to $70.4 million, will go toward expanding its Los Angeles headquarters, hiring new talent and accelerating the development and deployment of its automated robotic solutions.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

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