AI Startup GrayMatter Robotics Raises $4.1 Million in Seed Round  

by Kay Aloha Villamor in October 8th, 2021

GrayMatter Robotics, a Los Angeles, California-based AI startup that creates solutions to assist humans in tedious and ergonomically challenging tasks, raised $4.1 million in seed round funding. 

Stage Venture Partners and Calibrate Ventures led the round, along with 3M Ventures, OCA Ventures, Pathbreaker Ventures, and B Capital Group.

The newly raised funds will be used to expand the company's hiring, speed up the development of next-generation products, and engage with a broader customer base.

Company: GrayMatter Robotics

Raised: $4.1M

Round: Seed Round

Funding Month: October 2021

Lead Investors: Stage Venture Partners and Calibrate Ventures

Additional Investors: 3M Ventures, OCA Ventures, Pathbreaker Ventures, and B Capital Group 

Company Website: https://graymatter-robotics.com/

Software Category:  Smart Robotic assistants

About the Company: GrayMatter Robotics, founded in 2020 by Ariyan Kabir (CEO), Brual Shah (CTO), and Satyandra (S.K.) Gupta (Chief Scientist), develops software and AI algorithms to create robotic assistants that help humans more safely and effectively do surface treatment tasks such as sanding and spraying on manufacturing lines. GrayMatter Robotics implements its software with commercially available robots, sensors, and end-of-arm tools and enables them to treat any unique part. It uses machine vision and path planning to identify the part's geometry, pick up the right tool to process the part, figure out its material and which process to use, and then program the robot arm in the correct motion and execute the operation.

Source: https://www.thedailystar.net/toggle/news/buet-grads-ai-startup-raises-41-million-2193071




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