6thWave: AI News Hub

GrayMatter, a Los Angeles-based startup, has secured $45 million in a Series B funding round led by Wellington Management, bringing its total capital to $70 million. The company specializes in “physics-informed AI” for robots, enabling them to self-program and handle high-mix, high-variability manufacturing environments. This innovation addresses significant backlogs in the $2.5 trillion American manufacturing industry, which currently suffers from a shortage of skilled workers. GrayMatter’s technology can autonomously perform tasks such as sanding, buffing, polishing, and inspection, adapting process parameters based on performance data. Since its inception in 2020, GrayMatter has deployed twenty smart robotic cells across sectors including aerospace, defense, marine, and sports equipment, processing over 7.5 million square feet of product surface area. CEO Ariyan Kabir notes that their robots work 2-4 times faster than manual labor and reduce consumable waste by 30% or more. The new funding will help scale the team and develop next-gen AI robotic cells for more use cases.

Source.