Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

Wellington Management Leads $45MM in Series B Funding for GrayMatter

byBrianna Wilson
June 24, 2024
in Deal Announcements

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.”

Previous Post

Conifer Infrastructure Partners Leads $40MM Series B Financing for M2X Energy

Next Post

Hertz Commits Offerings Totaling $750MM

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

LiveOak Fiber Secures New Funding with Oak Hill Advisors and Palistar Capital

April 9, 2026
Deal Announcements

Phoenix Service Partners Upsizes Credit Facility with Consortium of Lenders

April 9, 2026
Deal Announcements

Horsepower Financial and Pier Asset Management Extend Credit Facility

April 9, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

New Era Energy Closes Multi-Tranche $290MM Facility with Macquarie Group

April 9, 2026
Deal Announcements

First Business Bank’s ABL Team Funds $5.1MM Credit Facility to Support Manufacturer Acquisition

April 9, 2026
Deal Announcements

NXT Capital Closes Senior Credit Facility in Support of CenterOak’s Acquisition of Grismer

April 9, 2026
Next Post

Hertz Commits Offerings Totaling $750MM

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Eve Melvan | 2025 Trailblazer

Machine Intelligence Meets Middle Market Lending: The Quiet Transformation of Credit Underwriting

March 13, 2026

The Covenant Divide: Why Financial Protections Are Holding Firm in the Lower Middle Market

March 13, 2026

A Workout Without the Mess: When is Article 9 Restructuring the Right Path?

March 19, 2026

The Clean Slate: Mastering Article 9 Restructuring

March 27, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years