Dexory, a London-based startup developing autonomous robots for warehouse operations, has secured $80 million (£60 million) in a Series B funding round. The investment, a combination of equity and debt financing, will fuel the company’s global expansion and further development of its technology.
Founded in 2015, Dexory specializes in creating fully autonomous robots that analyze warehouses and generate operational insights. The company’s technology scans fulfillment centers to create digital twins, which can be viewed and managed through Dexory’s proprietary software platform.
The funding round was led by DTCP, with participation from Latitude Ventures, Wave-X, and Bootstrap Europe. Existing investors Atomico, Lakestar, and Capnamic also contributed, along with several angel investors. According to Dexory, the Series B investment consists of 70% equity and 30% debt-based financing.
Andrei Danescu, CEO and co-founder of Dexory, expressed enthusiasm about the company’s recent progress, stating, “We are incredibly excited about the momentum we’ve built over the past 18 months.” Danescu emphasized the potential of their DexoryView platform to deliver commercial success for customers and investors.
Michael Rager, partner at DTCP and newly appointed board member at Dexory, praised the company’s advancements in warehouse operations. “We are very impressed by the progress Dexory has made in transforming warehouse operations with its cutting-edge technology,” Rager said, highlighting the company’s ability to capture and integrate detailed data from physical spaces into the supply chain.
As businesses increasingly focus on AI-driven solutions, Dexory aims to capitalize on the growing demand for intelligent warehouse management systems. The substantial funding round underscores investor confidence in the company’s innovative approach to optimizing supply chain operations through robotics and data analytics.