GrayMatter Robotics, a Los Angeles, CA-based AI-Robotics leader empowering humans with its smart automation solutions, announced that it raised $20 million in Series A funding.
The round was led by Bow Capital and joined by existing investors B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Stage Venture Partners, and 3M Ventures. New investors, including Swift Ventures, also joined the financing round.
With the new capital, GrayMatter Robotics will expand its team to meet rapidly growing customer demands.
Company: GrayMatter Robotics
Round: Series A
Funding Month: Aug 2022
Lead Investors: Bow Capital
Additional Investors: B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Stage Venture Partners, 3M Ventures, Swift Ventures
Company Website: https://graymatter-robotics.com/
Software Category: AI-Robotics
About the Company: GrayMatter Robotics is an AI-Robotics company delivering smart robotic automation 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 helps manufacturers improve the quality of life of shop floor workers, enhance the production capacity, and reduce scrap, repair, and rework costs.