Dexory, a robotic warehouse startup, has successfully closed a £60m Series B funding round.
- The firm’s autonomous robots offer crucial operational insights for fulfilment centres.
- Dexory’s technology enables the creation of digital twins, viewable on their software platform.
- The investment round was a combination of 70% equity and 30% debt.
- The company has now raised a total of $120m since its inception.
Dexory, a leading innovator in warehouse robotics, has recently completed a significant £60m Series B funding round. This round was conducted with a mix of equity and debt, comprising 70% equity and 30% debt. The funding will further Dexory’s mission of revolutionising warehouse operations through its advanced autonomous robotic systems.
Founded in 2015, Dexory has pioneered the development of autonomous robots that deliver essential operational insights within fulfilment centres. The robots are integrated with cutting-edge technology to scan facilities and generate digital twins, which can be accessed and managed via Dexory’s proprietary software. This digitalisation offers streamlined operations and enhanced accuracy in supply chain management.
CEO and co-founder Andrei Danescu expressed enthusiasm regarding the progress achieved in recent months, highlighting the critical role of artificial intelligence in their operations. 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.”
Dexory’s latest financial boost brings its total funds raised to an impressive $120m. This Series B round attracted prominent investors, including DTCP, Latitude Ventures, Wave-X, Bootstrap Europe, and existing stakeholders such as Atomico, Lakestar, and Capnamic. Notably, Michael Rager, a partner in growth equity at DTCP, acknowledged Dexory’s transformative impact on warehouse operations with their innovative technology.
This substantial investment positions Dexory at the forefront of the industry, aligning with trends in digitisation and automation. Dexory’s capability to capture and seamlessly integrate detailed, actionable data into existing supply chains is acknowledged as a notable strength by industry experts.
Dexory’s successful funding round underscores its pivotal role in the future of warehouse automation.
