In a significant fundraising event that marks the confidence in the fusion of robotics and AI, Dexory, the London-based tech startup, has announced it has raised a remarkable $19 million in a Series A round. The fundraise has pushed the startup’s total funding to over $38 million across eight funding rounds.
Dexory specialises in harvesting real-time insights of warehouse operations using a blend of fully autonomous robots and Artificial Intelligence. The firm stands at the junction of several technological sectors, including Artificial Intelligence, Autonomous Vehicles, Data Visualization, Logistics, Machine Learning, Retail Technology, Robotics, and Warehousing. The startup is making a big splash in these sectors with its innovative approach to data-driven warehouse operations.
The Series A round was led by the renowned technology investment firm Atomico, known for its strategic bets in high-growth potential startups across Europe. Other participating investors in the round included Capnamic Ventures, Kindred Capital, Lakestar, and Maersk Growth.
Dexory is on a mission to revolutionise the way warehouses operate, by integrating autonomous robots into the process. These robots are powered by state-of-the-art machine learning algorithms that allow them to navigate complex warehouse environments, optimize processes, and offer invaluable real-time data visualization to decision-makers. The AI-driven approach is set to increase efficiency, reduce costs and make warehouse operations safer.
Given the complexity of today’s logistics and supply chains, Dexory’s solution offers a transformative approach to warehousing, with potential applications beyond this sector in retail and broader supply chain contexts. The funding will likely be used to further develop Dexory’s technology, expand its team, and accelerate its market reach.
This Series A round marks a significant milestone for the company, signalling investor confidence in the startup’s vision, the product, and the market opportunity. As global ecommerce continues to expand at an unprecedented pace, solutions like Dexory’s that streamline warehousing and logistics operations will be critical in maintaining efficiency and meeting growing customer expectations.
With the backing of these high-profile investors, Dexory is poised to drive the transformation of the warehousing industry in the UK and beyond, using autonomous robotics and artificial intelligence. The future of warehousing is here, and Dexory is on the forefront.
For more details about Dexory, please visit their website at http://www.dexory.com, or their Crunchbase profile at https://www.crunchbase.com/organization/botsandus-ltd.
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