Mithril Capital Leads US$140 Million Series C Round for GreyOrange (Asia)

Source(s): GreyOrange

GreyOrange, a Singapore-based manufacturer of robotics systems used in fulfillment centers, has raised US$140 million in a Series C round led by global technology-focused investment firm Mithril Capital. India-focused venture capital fund manager Blume Ventures and Flipkart co-founder Binny Bansal also participated in the round. GreyOrange plans to use the new funds to expand its operations across Asia, Europe and the United States. Ajay Royan, one of the founders of Mithril Capital, will also join GreyOrange’s board of directors.