GrayMatter Robotics, a developer of AI-based smart robotic assistants, has raised USD 45 million in a Series B funding round led by Wellington Management, with participation from NGP Capital, Euclidean Capital, B Capital, and other existing investors. The funding brings GrayMatter's total amount raised to USD 70.4 million.
The funds will be used to expand GrayMatter's Los Angeles headquarters, accelerate the development and deployment of its next-generation AI-powered robotic solutions, and grow the team to meet customer demands.
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