GrayMatter Robotics Raises $20M Series A to Fuel Continued Growth and Expansion
August 16, 2022 | PRNewswireEstimated reading time: 2 minutes
GrayMatter Robotics, an AI-Robotics leader empowering humans with its smart automation solutions, announced a $20M Series A investment led by Bow Capital and joined by existing investors B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Stage Venture Partners, and 3M Ventures. New investors including Swift Ventures also joined the financing round.
GrayMatter Robotics' smart robotic cells are helping high-mix, high-variability manufacturing industries increase productivity, enhance quality consistency, and save costs while meeting global demand for manufactured products and improving the quality of life for shop-floor workers. With the new capital, GrayMatter Robotics will expand its team to meet rapidly growing customer demands.
"Our biggest concern was that our part-mix is very high, so it seemed like a very daunting task to automate such operations. Scan&Sand has the ability to work on a component or a group of components and has a simple one-button operation," said Jon Coners, Sr. Manufacturing Manager at Bega North America. "Not worrying about having a fixed setup; you can move parts around and the robot will look again! This was our first foray into robotics, so we had to have a partner, not just a vendor, that will really be there for us and GrayMatter has stepped up to the plate."
"Customer demand has never been higher for robotics and automation solutions, helping manufacturers improve productivity, obtain cost savings, and provide consistent high-quality performance," said Adi Leviatan, President, 3M Abrasive Systems Division. "Reinvesting in GrayMatter Robotics aligns with 3M's efforts to deliver easy-to-use automated abrasive processing systems that address the challenges posed by high-mix manufacturing operations."
GrayMatter Robotics is helping a wide range of manufacturing industries with its smart robotic cells for high-mix surface finishing and surface treatment applications. Shortly after its founding, GrayMatter Robotics was awarded the RBR50 Robotics Innovation Award. This prestigious award is given to the most creative and influential innovations worldwide that have advanced the state of robotics. Moreover, GrayMatter Robotics was awarded highly competitive NSF SBIR Phase 1 and Phase 2 grants to develop the core technology behind its product.
"We're excited to invest in GrayMatter and its highly innovative team of AI experts," said Murray Rode, General Partner of Bow Capital. "We see enormous potential in GrayMatter's solution to automate ergonomically challenging tasks to improve shop floor productivity and consistency, lower operational costs and increase throughput while creating a safer workplace and promoting sustainability by reducing waste."
"We are a next-generation automation company shaping the future of work with smart robots," said Brual Shah, co-founder, and CTO of GrayMatter Robotics. "Automating surface finishing and treatment applications for mission-critical production environments poses some extremely challenging engineering problems in AI and robotics. It is fascinating for our team to see how our day-to-day work is immediately impacting a wide range of industries from recreational equipment to aerospace."
"We are improving shop workers' lives, enhancing their productivity, and enabling them to focus on higher-value tasks. Manufacturing drives our economy, and without automating surface finishing and treatment, there is a significant risk the global economy may suffer due to the increasing labor shortage.", said Ariyan Kabir, co-founder, and CEO of GrayMatter Robotics.
GrayMatter Robotics is actively hiring for a wide range of roles to meet customer demands, expand operations, and accelerate the development & deployment of the next-generation AI-Robotic solutions.
Suggested Items
Real Time with… IPC APEX EXPO 2024: Tools, Training, and Trends in Manufacturing Engineering
04/25/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and Product Specialist Erik Bateham of Polar Instruments discuss Polar's latest technology, including their role in aiding manufacturing engineers. They highlight the advanced capabilities of Polar's tools and the critical role of signal integrity analysis, as well as the importance of accurate modeling in board manufacturing. Polar's unique training approach and demonstration contact details are also explored.
TTM Celebrates the Grand Opening of Its First Manufacturing Facility in Penang
04/25/2024 | TTM Technologies, Inc.TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.