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The Venture Codex

Gray Ventures

3330 Cumberland Blvd Ste 625, Atlanta, GA, 30339, United States

Overview

Gray Ventures, is no longer investing. It is a venture capital firm specializing in early stage companies. The firm seeks to invest in companies that have completed seed round and seeking second stage funding, typically in a Series A round. It primarily invests in information technology companies. The firm typically invests in companies based in Atlanta, Georgia and Research Triangle Park, North Carolina. It seeks to invest between $0.5 million to $3 million. The firm prefers to retain a minority interest, a board seat, and observer rights. It prefers to be a lead investor and co-invest with other professional investor.

Total investments
3
Lead investments
0
Investments · 12mo
1
Active investors
2

Sector focus

  • Financial Services
  • Information Technology
  • Venture Capital
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Investment portfolio

  • Opine

    Participated · Seed · Dec 2025

    Opine offers a single, AI-powered platform where presales, sales, and post-sales teams collaborate on complex enterprise deals. The workspace consolidates disparate tools, data sources, and departmental workflows to surface deal risks early, automate repetitive tasks, and maintain a continuous record of customer commitments. In 2025, the company reported 10× year-over-year revenue growth, underscoring rapid market adoption. Customers cite faster answers, clearer opportunity insights, and reduced internal meetings—sometimes eliminating a 30-minute call with one query—after switching to Opine. Opine plans to invest heavily in workflow automation, real-time deal intelligence, and a unified data infrastructure. The new capital will also support an expanded go-to-market push as technical sales becomes increasingly strategic for modern B2B vendors. Founded in Raleigh, the company is trusted by leading B2B technology providers to manage sophisticated sales cycles with precision.

  • Pitchit.ai

    Participated · Seed · Aug 2024

    Pitchit.ai is presented as an early-stage startup whose founder announced a $3 million seed raise. Public commentary from the founder focused on lessons learned during the fundraising process and on deploying the raised VC capital. The founder credited a mentor for teaching key steps that were repeated to achieve the raise. The available information does not detail the company’s product, customers, revenue, founding year, or location. No operating metrics or financial performance figures were disclosed in the article.

  • Overture Networks

    Participated · Equity · Apr 2010

    Overture Networks is a Research Triangle Park–based company that builds Carrier Ethernet hardware and Ensemble Open Service Architecture (OSA) software for metro-edge network operators. Its platforms allow high-capacity Ethernet services to run over fiber, copper, and TDM while bringing cloud, SDN, and NFV capabilities to the access layer. The firm’s Ensemble OSA is touted as the industry’s first open architecture for software-defined services at the metro edge, aimed at boosting operational efficiency and enabling new revenue streams for carriers. Overture products are currently deployed by five of the top seven global Carrier Ethernet service providers and eight of the top ten U.S. providers, underscoring significant market penetration. The company is expanding engineering capacity with new development centers in Westford, Massachusetts and Bangalore, India to speed product delivery. Newly raised capital is being funneled into software, hardware, and service development to maintain its innovation lead.

Team

  • Bernard W. Gray

    Founder

  • Alex Gray

    Vice President

    LinkedIn