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GreyOrange attracts $140M in series C financing

Artificial Intelligence-focused robotics company Grey Orange Pte. Ltd. raised US$140 million in a series C fundraising round led by Mithril Capital Management LLC.

Ajay Royan, co-founder and managing general partner of Mithril, is set to join the GreyOrange board.

Mitsubishi Corp., Flipkart Online Services Pvt. Ltd. and Project Verte are also investors in the company.

GreyOrange operates research and development centers in India, the U.S. and Singapore. The latest funds raised will go toward expanding its operations across Asia, Europe and the U.S.