UK-based Dexory, a robotics and data intelligence company, has raised $80M in a Series B funding round. DTCP led the round, with participation from Latitude Ventures, Wave-X, and Bootstrap Europe. Existing investors Atomico, Lakestar, Capnamic, and several angels from the logistics industry also contributed.
Investment purpose and expansion plans
Dexory plans to use the new funding — a combination of equity and growth debt — to expand its AI-powered features across the DexoryView platform, grow its global team, and accelerate the deployment of its autonomous robots. In particular, the company aims to enhance its AI capabilities, focusing on advanced machine learning algorithms for predictive analytics and computer vision for precise object recognition in warehouse environments.
Still, the key focus remains expanding across the US market, where Dexory already operates in seven states. The Series B funding will also enhance development and production facilities at the company’s UK headquarters, with a particular emphasis on AI research and development.
Dexory’s AI-powered technology
Dexory addresses the logistics market’s need to maximise operating efficiencies across national and global networks. Its product, DexoryView, leverages AI to provide comprehensive real-time visibility across warehouses of any size through autonomous mobile robots.
“We are incredibly excited about the momentum we’ve built over the past 18 months,” said Andrei Danescu, CEO and co-founder of Dexory. “DexoryView is proving to be an unrivalled technology for driving digital transformation and delivering better business outcomes in the warehousing and supply chain industries. 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.”
Speaking to TFN, Danescu said, “Our differentiator is the technology. We have developed the world’s tallest autonomous mobile robot, which extends to 12 metres, combined with a visual digital twin software platform for the entire warehouse.” The platform’s AI-driven capabilities enable real-time decision-making, allowing warehouse managers to make instant, data-driven decisions to optimise operations based on AI-processed insights. Specifically, autonomous robots use AI algorithms to navigate warehouses and adapt to dynamic environments efficiently.
Furthermore, AI augments the creation and use of digital twins, allowing for sophisticated warehouse optimisation and scenario planning. Machine learning models analyse historical data to forecast inventory needs and potential operational bottlenecks, leading to new levels of efficiency in the logistics industry. “To support this, our data collection technology – our robots – will be able to capture an even broader range of information from warehouses (equipped with enhanced perception capabilities) seamlessly navigating busy sites at all times. This will be fed into our AI pipeline to extract even more insights about the goods, racking, space, and movements and mathematically orchestrate the use of all resources,” explained Danescu in a conversation with TFN.
Dexory’s AI-powered platform is already making a significant impact on leading distribution companies and manufacturers. For instance, DB Schenker has seen a 6% increase in inventory accuracy, which it now maintains daily using DexoryView’s AI-powered insights. Similarly, ID Logistics reduced manual inventory investigations by 41% in just two months, freeing up valuable time for other critical tasks. Investor’s view
“We are very impressed by the progress Dexory has made in transforming warehouse operations with its cutting-edge technology,” said Michael Rager, Partner – Growth Equity at DTCP and board member at Dexory. “The company is perfectly positioned at the intersection of our investment thesis on digitisation and automation. Its ability to capture detailed, actionable data from physical spaces and integrate it seamlessly into the supply chain is impressive. We are confident in its vision and excited to support their product innovation and expansion into global markets.”
Future AI developments in logistics
As businesses tackle various supply chain challenges amid cost and service pressures, Dexory’s AI-driven solutions set new standards and unlock warehouse value. In the future, AI in logistics will forecast equipment failures before they occur, minimising downtime and ushering in a new era of efficiency.
The post Dexory lands $80M to redefine the logistics industry with AI and robotics appeared first on Tech Funding News.