Skip to main content

GreyOrange vs Apptronik

Side-by-side on valuation, funding, investors, founders & more

Comparison updated: April 2026

Apptronik is valued at $5.5B — more than 3x GreyOrange's $700M.

Head-to-Head Verdict

GreyOrange leads on 3 of 5 metrics

GreyOrange

3 wins

-Valuation
-Funding
+Awaira Score
+Team Size
+Experience

Apptronik

2 wins

+Valuation
+Funding
-Awaira Score
-Team Size
-Experience

Key Numbers

Valuation
$700M
$5.5B
Total Funding
$470M
$935M
Awaira Score
90/100
88/100
Employees
500+
300
Founded
2012
2016
Stage
Series D
Series A
GreyOrangeApptronik
Winner
GreyOrange logo
GreyOrange

🇮🇳 India · Akash Gupta

Series DAI RoboticsEst. 2012

Valuation

$700M

Total Funding

$470M

Awaira Score90/100

500+ employees

Full GreyOrange Profile →
Apptronik logo
Apptronik

🇺🇸 United States · Jeff Cardenas

Series AAI RoboticsEst. 2016

Valuation

$5.5B

Total Funding

$935M

Awaira Score88/100

300 employees

Full Apptronik Profile →
Market Context

Both companies compete in the AI Robotics space, though from different geographies — GreyOrange in India and Apptronik in United States. Different stages (Series D vs Series A) mean these companies face fundamentally different operational priorities.

🔬

Analyst Summary

Built from real data · Updated April 2026

Companies

GreyOrange and Apptronik are direct competitors in AI Robotics. GreyOrange is an AI-powered warehouse robotics and fulfillment orchestration company that deploys mobile robots, AI software, and integration services to automate order fulfillment in e-commerce, retail, and third-party logistics warehouses globally. Apptronik, founded in 2016, develops humanoid robots designed for industrial and commercial applications.

Funding & Valuation

Apptronik commands a $5.5B valuation — roughly 7.9x that of GreyOrange at $700M, a gap that underscores their different scales. Both have attracted significant capital — Apptronik with $935M and GreyOrange with $470M.

Growth Stage

The founding gap is narrow: GreyOrange in 2012 versus Apptronik in 2016. Growth stages differ: GreyOrange (Series D) versus Apptronik (Series A), a distinction that matters for both deal structure and competitive positioning. On headcount, GreyOrange reports 500+ employees and Apptronik reports 300.

Geography & Outlook

Based in 🇮🇳 India and 🇺🇸 United States respectively, GreyOrange and Apptronik tap into different talent markets and regulatory environments. On Awaira's 0-100 scale, the gap is minimal — GreyOrange scores 90 and Apptronik scores 88. Under Akash Gupta and Jeff Cardenas respectively, both companies continue to chart aggressive growth paths.

Funding Velocity

GreyOrange

Total Rounds1
Avg. Round Size$140M

Apptronik

Total Rounds1
Avg. Round Size$350M

Funding History

GreyOrange has completed 1 funding round, while Apptronik has gone through 1. GreyOrange's most recent round was a Series C of $140M, compared to Apptronik's Series A ($350M). GreyOrange is at Series D while Apptronik is at Series A — different points in their growth trajectory.

Team & Scale

Team sizes are in the same ballpark: GreyOrange has about 500+ people and Apptronik has around 300. GreyOrange has a 4-year head start, founded in 2012 vs Apptronik's 2016. Geographically, they're in different markets — GreyOrange operates out of India and Apptronik from United States.

Metrics Comparison

MetricGreyOrangeApptronik
💰Valuation
$700M
$5.5BWINS
📈Total Funding
$470M
$935MWINS
📅Founded
2012
2016WINS
🚀Stage
Series D
Series A
👥Employees
500+
300
🌍Country
India
United States
🏷️Category
AI Robotics
AI Robotics
Awaira Score
90WINS
88

Key Differences

💰

Valuation gap: Apptronik is valued 7.9x higher ($5.5B vs $700M)

📈

Funding gap: Apptronik has raised $465M more ($935M vs $470M)

📅

Market experience: GreyOrange has 4 years more (founded 2012 vs 2016)

🚀

Growth stage: GreyOrange is at Series D vs Apptronik at Series A

👥

Team size: GreyOrange has 500+ employees vs Apptronik's 300

🌍

Market base: 🇮🇳 GreyOrange (India) vs 🇺🇸 Apptronik (United States)

⚔️

Direct competitors: Both operate in the AI Robotics market segment

Awaira Score: GreyOrange scores 90/100 vs Apptronik's 88/100

Which Should You Choose?

Use these signals to make the right call

GreyOrange logo

Choose GreyOrange if…

Top Pick
  • Higher Awaira Score — 90/100 vs 88/100
  • More market experience — founded in 2012
  • India-based for regional compliance or proximity
  • GreyOrange is an AI-powered warehouse robotics and fulfillment orchestration company that deploys mobile robots, AI software, and integration services to automate order fulfillment in e-commerce, retail, and third-party logistics warehouses globally
Apptronik logo

Choose Apptronik if…

  • More established by valuation ($5.5B)
  • Stronger investor backing — raised $935M
  • United States-based for regional compliance or proximity
  • Apptronik, founded in 2016, develops humanoid robots designed for industrial and commercial applications

Funding History

GreyOrange raised $470M across 1 round. Apptronik raised $935M across 1 round.

GreyOrange

Series C

Sep 2018

Lead: Mithril Capital

$140M

Apptronik

Series A

Jan 2024

$350M

Investor Comparison

No shared investors detected between these two companies.

Unique to GreyOrange

Mithril CapitalTiger GlobalBlume Ventures

Unique to Apptronik

OpenAI Startup FundKleiner PerkinsSpark Capital

Users Also Compare

FAQ — GreyOrange vs Apptronik

Is GreyOrange bigger than Apptronik?
By valuation, Apptronik is the larger company at $5.5B versus $700M — a 7.9x difference. Size can also be measured by team: GreyOrange employs 500+ people while Apptronik has 300 employees.
Which company raised more funding — GreyOrange or Apptronik?
Apptronik has raised more in total funding at $935M, compared to GreyOrange's $470M — a gap of $465M. Combined, the two companies have completed 2 known funding rounds.
Which company has a higher Awaira Score?
GreyOrange leads with an Awaira Score of 90/100, while Apptronik sits at 88/100. That 2-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded GreyOrange vs Apptronik?
GreyOrange was founded by Akash Gupta in 2012. Apptronik was founded by Jeff Cardenas in 2016. Visit each company's profile on Awaira for a full founder biography.
What does GreyOrange do vs Apptronik?
GreyOrange: GreyOrange is an AI-powered warehouse robotics and fulfillment orchestration company that deploys mobile robots, AI software, and integration services to automate order fulfillment in e-commerce, retail, and third-party logistics warehouses globally. The company's Ranger robot series and GreyMatter AI platform work together to optimize task allocation, traffic management, and inventory placement across automated fulfillment centers.\n\nThe company raised approximately $300M and achieved a unicorn-level valuation, with deployments at major global retailers and logistics companies in the United States, Europe, and Asia. GreyOrange has established a strong position in the US warehouse robotics market, competing with Symbotic, Locus Robotics, and 6 River Systems for large enterprise fulfillment automation contracts.\n\nFulfillment automation has become a strategic imperative for retailers and logistics companies managing the scale and speed requirements of modern e-commerce. GreyOrange's dual strength in both hardware robotics and AI orchestration software gives it an integrated offering that is difficult for pure hardware or pure software competitors to replicate without substantial investment in the adjacent capability. GreyOrange operates in the AI Robotics sector and is headquartered in India. Founded in 2012 by Akash Gupta, GreyOrange has raised $470M in total funding, achieving a valuation of $700M as of its latest round. The company's funding journey includes a Series C of $140M in 2018. The most recent round was led by Mithril Capital. With approximately 500+ employees, GreyOrange has established itself as a Series D-stage player in the AI Robotics market. The company holds an Awaira Score of 90/100, reflecting its strong position across valuation, funding trajectory, team scale, and market influence. GreyOrange competes in a rapidly evolving segment alongside other AI Robotics companies. As part of India's growing AI ecosystem, GreyOrange is positioned to capitalize on the region's expanding tech talent pool and enterprise demand. The AI Robotics space has attracted significant investment in recent years, with companies racing to capture enterprise and consumer demand for AI-powered solutions. Apptronik: Apptronik, founded in 2016, develops humanoid robots designed for industrial and commercial applications. The company's flagship product is Apollo, a general-purpose humanoid robot engineered to perform tasks in warehouses, manufacturing facilities, and other enterprise environments. Apollo stands approximately 5'8" tall and is designed to handle repetitive, dangerous, or physically demanding work alongside human workers. The robot integrates advanced computer vision, machine learning, and autonomous navigation systems to operate in dynamic environments with minimal human intervention. Apptronik's technology emphasizes dexterous manipulation and adaptive learning, enabling robots to perform tasks including material handling, assembly, inspection, and logistics operations. The company positions itself in the growing humanoid robotics sector, competing with firms like Boston Dynamics, Tesla's Optimus division, and other robotics startups targeting industrial automation. As of its most recent valuation, Apptronik reached $5.5 billion in company value with $935 million in total funding. The company remains in Series A stage, indicating early-stage growth with significant capital deployment ahead. Apptronik has attracted investment from prominent venture capital firms and strategic investors focused on robotics and automation technologies. The company's growth trajectory reflects increasing enterprise demand for autonomous solutions to address labor shortages and workplace safety concerns across manufacturing and logistics sectors. Apptronik's focus on general-purpose humanoid robots designed specifically for enterprise task automation differentiates it in a sector where most competitors emphasize research or consumer applications.
Which company was founded first?
GreyOrange got there first, launching in 2012 — that's 4 years of extra runway. Apptronik didn't arrive until 2016. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.
Which company has more employees?
GreyOrange has about 500+ employees; Apptronik has about 300. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are GreyOrange and Apptronik competitors?
Yes — they're direct rivals. Both GreyOrange and Apptronik compete in AI Robotics, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

It's close. Both GreyOrange and Apptronik are strong players, and picking a winner depends on what you're looking for. Check each profile for the full picture.

Who Should You Watch?

This one's genuinely too close to call. Both companies are competitive, and the winner will likely come down to execution over the next 12-18 months. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive