GrayMatter Robotics raises $45M Series B, bringing total raised to $70.4M
GrayMatter Robotics raised $45 million in Series B funding led by Wellington Management, bringing its total raised to date to $70.4 million.
Why it matters
GrayMatter Robotics raised Series B funding to scale AI robotic cells for manufacturing finishing tasks.
Evidence notes
- Wellington Management led the Series B, with NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners and existing investors participating.
- GrayMatter said the financing brought its total raised to date to $70.4 million, so the company aggregate is not inferred from the three visible event rows.
- The company planned to expand its Los Angeles headquarters, hire across the business and accelerate development and deployment of its AI-powered robotic finishing systems.
Company context
GrayMatter Robotics builds AI-powered robotic workcells for high-mix surface finishing tasks such as sanding, grinding, polishing and spraying. Its Scan&Sand and Scan&Polish systems target manufacturers that need adaptable robotic finishing without extensive robot programming.