Friday, November 22

Tag: GreyOrange

Top 5 Funding of The Week (2nd Sept – 8th Sept)
FUNDING

Top 5 Funding of The Week (2nd Sept – 8th Sept)

Fundraising gives the much-needed support to the startups that they wish for the purpose of growing. Any startup which is established in order to serve its business objective needs fundraising. Fundraising is important for the startups along with the funding procedure. When these two business components come together, they have a rich potential to contribute to the growth of a startup. This week, we witnessed a good amount of funding activities of various known companies and also various investors that led to these funding rounds. Businesses need finance for a variety of different purposes and these companies also raised funds for various needs. The largest amount of funds were raised by robotics company called GreyOrange. The company raised $140 million in its Series C funding round...
Robotics Firm GreyOrange Raises $140 Million in Series C Funding Round
FUNDING

Robotics Firm GreyOrange Raises $140 Million in Series C Funding Round

A Singapore-headquartered robotics company GreyOrange has secured funds amounting to $140 million in a Series-C funding round. This round was led by Mithril Capital. The other backers that participated in the funding round were Mitsubishi, Flipkart, Project Verte and Blume Ventures. The leading backer Mithril Capital is a venture firm co-founded by Ajay Royan and early Facebook investor Peter Thiel, with the valuation estimated to be between $400 million and $500 million. The company is planning to deploy these funds to expand its supply chain and manufacturing capacity and double down on R&D. “We see Mithril as a strategic investor as there is an alignment with their core technology focus. The investment from Flipkart will strengthen our relationship,” CEO Samay Kohli said. Foun...