Robotics and data intelligence company Dexory has raised a £60 million Series B round of funding.
The round into the firm – ranked second on our RetailTech 50 this year – was led by DTCP, with participation from Latitude Ventures, Wave-X and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic and several angels from the logistics industry.
As part of the investment, DTCP’s Michael Rager joins Dexory’s board of directors.
The new funding, made up of a mix of equity and growth debt, will be used to grow its global team and accelerate the deployment of its autonomous robots with customers like GXO, Maersk and DB Schenker.
The company’s product, DexoryView, provides comprehensive real-time visibility across warehouses of any size through its autonomous mobile robots and AI.
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.
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“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 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.”
Rager, partner – growth equity at DTCP, added: “We are very impressed by the progress Dexory has made in transforming warehouse operations with its cutting-edge technology. 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.”