Mitsubishi Portfolio Company GreyOrange Lands $140 Million For Robotics Tech [Seeking Alpha]
Oceaneering International, Inc. (OII)
Last oceaneering international, inc. earnings: 2/24 05:01 pm
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Source: Seeking Alpha
Summary Mitsubishi portfolio company GreyOrange has raised $140 million in new financing. GreyOrange is developing AI-enhanced robotics systems for warehouse operations. Mitsubishi has been increasing its investment pace in startups as the firm intends to stay on top of new technologies impacting its business lines. Quick Take Mitsubishi ( OTCPK: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 Samay Koh
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News
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- Oceaneering International, Inc. (NYSE: OII) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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OII
Earnings
- 4/24/24 - Miss
OII
Sec Filings
- 4/24/24 - Form 8-K
- 3/29/24 - Form ARS
- 3/29/24 - Form DEF
- OII's page on the SEC website