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Mithril Capital Management led a $110m funding round in GreyOrange.

Synopsis

Mithril Capital Management, a family of long-term venture capital funds, led a $110m funding round in GreyOrange, a provider of automated robotic fulfillment and inventory optimization software, with participation from BlackRock. "GreyOrange is trusted by the biggest names in retail to help them do what they do best, better. Demand for the GreyOrange omnichannel fulfillment platform continued to increase consistent with our high expectations as retailers come to terms with the immediate necessity of robotic automation in fulfillment. We are particularly excited about the expansion underway with GreyOrange’s SaaS applications, such as gStore, which deliver new and innovative supply chain solutions to discerning consumers across the GreyOrange customer base," Ajay Royan, Mithril Capital Management Managing General Partner.

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