Robotics and data intelligence company Dexory has announced that it has closed a US$80m Series B funding round led by DTCP.
Other companies in the round include Latitude Ventures, Wave-X, and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic, and several angel investors from the logistics industry.
A significant focus continues to be on expanding across the US market, where Dexory is already live with customers in seven states. The Series B will also enhance development and production facilities at its UK headquarters.
DTCP’s Michael Rager joins Dexory’s board of directors, as part of the investment deal.
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The new funding, which is made up of a mix of equity and growth debt, will support an expansion of Dexory’s AI-powered features across the DexoryView platform, grow its global team, and accelerate the deployment of its autonomous robots with customers such as GXO, Maersk, DB Schenker, and more.
The company has now raised a total of US$120m over the past three years.
Andrei Danescu, CEO and co-founder of Dexory, said: “DexoryView is proving to be an unrivalled technology for driving real 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.”
Adding, Michael Rager, partner – growth equity at DTCP and board member at Dexory, said: “We are confident in [Dexory’s] vision and excited to support [its] product innovation and expansion into global markets.”
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