Quick Take
Mitsubishi (MHVYF) portfolio firm GreyOrange has received a Series C investment of $140 million.
GreyOrange is developing AI-powered robotic transport systems for the warehousing industry.
MHVYF has increased its investment pace so far in 2018 and I expect it to continue to increase as the firm tries to stay on top of the rapid pace of change in technologies impacting its business lines.
Investee Company
Singapore-based GreyOrange was founded in 2011 to develop and manufacture hardware and software products to automate the warehousing industry.
Management is headed by Co-Founder and CEO