GrayMatter Robotics’ sanding solution brings in $20M
GrayMatter Robotics announced that it has raised $20 million in Series A funding. The company’s Scan&Sand system is a flexible robotic sander that can quickly adjust to objects with complex geometry. The system doesn’t require coding to program the robot, and operators can learn how to operate it in just a few hours. Scan&Sand can handle a variety of materials like composites, metals, solid surfaces, acrylics, plastics, wood, and stone.
Bow Capital led the funding round, which also included participation from GrayMatter’s existing investors B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Stage Venture Partners and 3M Ventures. Swift Ventures was a new investor that participated in the round.