Dexory has secured £60m through a Series B funding round, marking significant growth for the robotics startup.
- The investment includes both equity and debt, with DTCP leading the funding efforts alongside other notable investors.
- Established in 2015, Dexory designs autonomous robots that offer advanced operational insights for warehouses.
- Recent funding brings Dexory’s total raised capital to $120m, following a previous £15m investment last year.
- Dexory’s technology is acclaimed for digitising warehouse operations and contributing to supply chain efficiency.
Dexory, a company renowned for its fully autonomous robots, has recently completed a £60m Series B funding round. This development involves a combination of equity and debt investment, with the round being spearheaded by DTCP and attracting participation from Latitude Ventures, Wave-X, and Bootstrap Europe. Notably, existing investors such as Atomico, Lakestar, and Capnamic also contributed to this funding effort.
Founded in 2015, Dexory focuses on utilising advanced robotics to analyse and generate operational insights within warehouses. The company’s technology empowers these facilities by scanning fulfilment centres and creating digital twins. These digital representations are managed through Dexory’s software, offering users enhanced control and oversight.
CEO and co-founder, Andrei Danescu, expressed enthusiasm over the company’s progression, highlighting the significant role artificial intelligence now plays in business strategies. He emphasised the value of the data Dexory’s robots extract, which in turn generates substantial operational insights, thus promising commercial success for clients and investors alike.
This latest funding injection elevates Dexory’s total capital raised to $120m, building on a previous funding round that collected £15m in June of last year. The strategic involvement of DTCP underscores the confidence investors have in Dexory’s potential to revolutionise warehouse operations through cutting-edge technology.
Michael Rager, a partner in growth equity at DTCP and a Dexory board member, praised the company for its transformative technology. He noted Dexory’s expertise in capturing actionable data from physical spaces and efficiently integrating it into the supply chain as a testament to its leading position in digital transformation.
The strategic investment in Dexory signifies a robust endorsement of its pioneering role in warehouse digitisation and efficiency enhancement.
