GrayMatter Robotics, an artificial intelligence robotics solutions company, announced last week that it has raised $20 million in Series A investment led by Bow Capital and joined by B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Swift Ventures, Stage Venture Partners and 3M Ventures. .
GreyMatter Robotics products are designed to help manufacturing industries increase productivity, maintain quality consistency and save costs while meeting global demand for manufactured goods and improving the quality of life of factory workers.
With the new capital, the company wants to expand its team to meet growing customer demand.
Surface finishing and treatment applications pose some of the most challenging engineering problems in AI and robotics for mission-critical manufacturing environments, said Brual Shah, co-founder and chief technology officer of GreyMatter Robotics, in a statement.
He added that his team’s work is impacting a wide range of industries, from entertainment devices to aerospace.
The company’s “scan and sand” robot is a flexible sander that can quickly adjust to different shapes and sizes. It can handle a variety of materials including composites, metals, acrylics and plastics.
“Our biggest concern is that our part mix is very high, so automating tasks like this seemed like a daunting task. Scan and Sand has the ability to work on a single part or in teams, and has easy one-button operation,” said John, senior manufacturing manager at Bejiga North America. Connors is a lighting company with a manufacturing facility in Germany and a US headquarters in Carpinteria.
He added: “This was our first match in robotics, so we had to have a partner, not just a supplier, which of course it will be for us, and Graymatter stepped up to the plate.”
Ariane Kabir, founder and CEO of Greymeter Robotics, said in a statement that the company is improving the lives of shop workers and increasing their productivity, allowing them to focus on high-value tasks.
“Manufacturing drives our economy, and without automating surface finishing and treatment, there is a significant risk that the global economy could suffer due to a growing labor shortage,” Kabir said.
This year, Graymatter Robotics was one of the winners of the RBR50 Innovation Awards presented by Robotics Business Review, covering business and technological developments in global robotics, for its Scan & Sand product.
Last year, the company was awarded $1 million from the National Science Foundation’s Small Business Innovation Research Phase II grant to further develop the core technology behind the product.
“Customer demand has never been higher for robotics and automation solutions, helping manufacturers improve productivity, achieve cost savings and deliver consistently high quality performance,” said Addy Levitan, president of 3M’s Abrasive Systems Division, in a statement. “The reinvestment in GreyMatter Robotics aligns with 3M’s efforts to provide easy-to-use automated ablation processing systems that address the challenges facing high-volume manufacturing operations.”