GrayMatter Robotics, an AI-powered robotics company, raised $45 million in Series B funding. Wellington Management led the round, which also 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.
“We founded GrayMatter to enhance productivity while prioritizing workforce well-being,” Ariyan Kabir, co-founder and CEO of GrayMatter, said. “With our physics-based AI-powered systems, we are fulfilling our mission while unlocking new levels of efficiency and productivity. With our investors’ support, we are making a real difference for shop workers and addressing the critical labor shortages in manufacturing today.”
“GrayMatter is driving a pivotal transformation in manufacturing with their advanced AI solutions,” Sean Petersen, sector lead for private climate investing at Wellington Management, said. “Their ability to enhance productivity, energy efficiency and safety while managing costs, positions them uniquely in the market. We are excited to support their journey towards scaling these innovative technologies across various industries.”
“The combination of AI-driven technology and depth of domain expertise in the GrayMatter solution blew us away,” Debjit Mukerji, partner at NGP Capital, said. “It is incredibly challenging to develop high-performance and ultra-reliable robots for such difficult manufacturing conditions. We are thrilled to help the company execute on its impressive commercial trajectory.”
“We are excited to partner with GrayMatter Robotics, as their AI-driven robotic solutions have enabled us to more efficiently address major demand growth in our operations stemming from increased football participation and market share gains, ensuring consistent quality and throughput despite workforce staffing challenges,” Drew Dixon, director of distribution and strategy at Riddell, said. “Collaborating with GrayMatter Robotics underscores Riddell’s ongoing commitment to innovation and excellence in both its manufacturing operations as well as the protective equipment it delivers to the field.”
“GrayMatter helps us replace some of our more taxing manual labor. We are proud to partner with GrayMatter in an effort to provide longevity in the workforce. We’re constantly working toward a healthier work-life balance, with a focus on working to live rather than living to work,” Melanie Protti-Lawrence, president of Lawrence Brothers, said. “Their robots are not just tools but enablers of growth. They allow our workers to engage in more meaningful and less physically taxing tasks, contributing to a healthier and more productive work environment.”
“Going to market with GrayMatter Robotics aligns with our mission to foster innovative solutions that drive efficiency and sustainability in manufacturing,” Adi Leviatan, president of 3M Abrasives Division, said. “This technology addresses critical industry challenges and delivers significant value to our customers.”
