When was GrayMatter founded?

GrayMatter was founded in 1991 and raised its 1st funding round 26 years after it was founded.

Where is GrayMatter located?

GrayMatter is headquartered in Warrendale, United States. It is registered at Warrendale, Pennsylvania.

How many employees does GrayMatter have?

As of Sep 30, 2026, the latest employee count at GrayMatter is 413.

Is GrayMatter a funded company?

GrayMatter is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Nov 29, 2017.

When was the latest funding round of GrayMatter?

GrayMatter's latest funding was a $***** PE round on May 02, 2024, with participation from 1 investor. Its primary sector is Manufacturing Tech. In United States, the Manufacturing Tech sector has seen $4B in funding in 2026 to date.

Where does GrayMatter rank among its competitors?

GrayMatter ranks 11th amongst 321 active competitors, of which 33 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was NTWIST, which secured $727K in May, 2026.

Who are the top competitors of GrayMatter?

GrayMatter's top competitors include Endress+Hauser, Altizon and Fero Labs. Among them, NTWIST secured the most recent funding round in May, 2026.

GrayMatter - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: graymattersystems.com
Social
Phone Number: +1 **********
Registered Address: Warrendale, Pennsylvania

Key Metrics

Founded Year

1991

Location

Warrendale, United States

Stage

Acquired

Latest Funding Round

PE, May 02, 2024, $*****

Investors

Tailwind Capital & 3 more

Ranked

11^th among 321 active competitors

Employee Count

413 as on Sep 30, 2026

Investment & Acquisitions

HTSE & 4 more

Similar Companies

Endress+Hauser & 352 more

Exit Details

Acquired by Hamilton Robinson Capital Partners (Nov 29, 2017)

View GrayMatter's full profile

GrayMatter is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
GRAY MATTER SYSTEMS LLC CIN: 251820946 , United States, Active	Dec 31, 1999	-	260 (As on Dec 31, 2024)	-

GrayMatter got acquired by Hamilton Robinson Capital Partners on Nov 29, 2017.

Click here to take a look at GrayMatter's acquisition in detail

GrayMatter has raised funding over 2 rounds. Its first funding round was on Nov 29, 2017. Its latest funding round was a PE round on May 02, 2024 for $*****. 1 investor participated in its latest round. GrayMatter has 4 institutional investors.

Here is the list of recent funding rounds of GrayMatter:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 02, 2024	9850128	PE	2134205	2895428	8310547	2759810
Nov 29, 2017	1448919	Conventional Debt	1882664	9365086	5980594	Gladstone Capital

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View details of GrayMatter's funding rounds and investors

The founders of GrayMatter is James Gillespie.

Here are the details of GrayMatter's key team members:

James Gillespie: Co-Founder / Chief Growth Officer of GrayMatter and founder of 1 other company.

View details of GrayMatter's Founder profiles and Board Members

GrayMatter's employee count trend

GrayMatter has 413 employees as of Sep 26. Here is GrayMatter's employee count trend over the years:

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Top competitors of GrayMatter include Endress+Hauser, Altizon and Fero Labs. Here is the list of Top 10 competitors of GrayMatter, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Endress+Hauser 1953, Reinach (Switzerland), Funding Raised	Manufacturer of measurement and automation technology for process and laboratory applications	-	Europa	62/100
2nd	Altizon 2013, Princeton (United States), Series A	Provider of industrial IoT platforms for factory and asset monitoring	$15M	Wipro, The Hive & 13 others	54/100
3rd	Fero Labs 2016, New York City (United States), Series B	Developer of AI-powered platform optimizing industrial processes for efficiency and sustainability	$30M	http://diventurecapital.com, Innovation Endeavors ... & 14 others	51/100
4th	Faclon Labs 2016, Dublin (United States), Series A	Provider of an industrial AI platform that connects fragmented factory systems, contextualizes operational data, and applies AI to reduce downtime and optimize asset performance	$5.26M	Ikigai, thinQbate & 81 others	49/100
5th	NTWIST 2016, Hyderabad (India), Funding Raised	Machine learning based business process improvement and data analytics platform	-	CIE IIITH, Government of Canada	48/100
6th	Detect 2016, Chennai (India), Series B	Provider of workplace safety and industrial operations monitoring through AI	$45.7M	Shell, Elevation Capital & 44 others	48/100
7th	Safi Analytics 2018, Nairobi (Kenya), Series B	Analytics-based process control solution	$21.4M	Merus Capital, Musha Ventures & 3 others	48/100
8th	MyCellHub 2016, Leuven (Belgium), Acquired	Data analytics software for manufacturing and heavy industries	$1.21M	The Faktory, Noshaq & 3 others	46/100
9th	Rever 2015, San Mateo (United States), Seed	Innovation management software for businesses	$5.5M	Zetta Venture Partners, Ulu Ventures & 5 others	46/100
10th	Warrous 2017, India, Unfunded	Big data analytics platform	-	-	45/100
11th	GrayMatter 1991, Warrendale (United States), Acquired	Provider of high technology services & solutions	-	Tailwind Capital, Gladstone Capital & 2 others	44/100

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GrayMatter has not made any investments yet. GrayMatter has made 5 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 08, 2022	Acquisition	HTSE	1989	Portage (United States)
Dec 18, 2020	Acquisition	E-Merge Systems	1997	Richmond (United States)
Mar 13, 2018	Acquisition	TMMI	1977	Wheat Ridge (United States)