Dexory secures significant funding to further develop autonomous robotics solutions in fulfillment centers.
- The funding round, worth $80 million, was a mix of equity and debt, highlighting investor confidence in Dexory.
- Dexory’s technology creates digital twins for operational insights, positioning itself at the forefront of warehouse automation.
- Led by DTCP, the Series B investment attracted existing investors and new participants, showing robust interest.
- The funding increases Dexory’s total raised capital to $120 million, enabling further growth and innovation.
Dexory, a pioneering company in the realm of robotic warehousing, has successfully closed a Series B funding round amounting to $80 million (£60 million). This funding round was composed of 70% equity and 30% debt, signaling a strong vote of confidence from investors in the company’s future prospects. Founded in 2015, Dexory has been at the forefront of developing fully autonomous robots capable of providing comprehensive operational insights. These robots meticulously scan fulfillment centers, creating detailed digital twins that can be easily accessed and managed through Dexory’s proprietary software platform.
CEO and co-founder, Andrei Danescu, expressed enthusiasm over the accomplishments of the past year and a half, underscoring the role of artificial intelligence in shaping business strategies. He stated, “We are incredibly excited about the momentum we’ve built over the past 18 months. AI is clearly at the forefront of business leaders’ minds. With the quality of the data we are extracting and the powerful insights into operations that we generate, DexoryView will deliver commercial success for our customers and investors alike.” With the recent funding, the company aims to accelerate its growth trajectory and broaden its impact on the sector.
The latest Series B funding round was spearheaded by DTCP, with new and existing investors participating. This includes contributions from Latitude Ventures, Wave-X, and Bootstrap Europe, as well as current supporters like Atomico, Lakestar, Capnamic, among others. Michael Rager, partner and growth equity at DTCP and a member of Dexory’s board, praised the company’s advancements, “We are very impressed by the progress Dexory has made in transforming warehouse operations with its cutting-edge technology. The company is perfectly positioned at the intersection of our investment thesis on digitisation and automation. “, highlighting the significant strides Dexory has made in capturing detailed, actionable data from physical spaces and integrating it into the supply chain.
This funding propels Dexory further into the spotlight as a leader in warehouse automation technology.
