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Robotic warehouse firm Dexory closes £60m Series B round Skip to content

Robotic warehouse firm Dexory closes £60m Series B round

The company develops fully autonomous robots capable of analysing and generating operational insights

Dexory robotic
Image credit: Dexory

Robotic warehouse startup Dexory has raised $80m (£60m) in a joint equity and debt-based Series B funding round.

Founded in 2015, Dexory develops fully autonomous robots capable of analysing and generating operational insights.

Dexory’s robots scan fulfilment centres and create digital twins viewable and manageable on the company’s software platform.

“We are incredibly excited about the momentum we’ve built over the past 18 months,” said Andrei Danescu, CEO and co-founder of Dexory.

“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.”

The latest round, which follows a £15m raise last June, brings the total amount raised by Dexory to $120m. Dexory told UKTN the Series B investment was 70% equity and 30% debt-based.

The Series B round was led by DTCP with participation from Latitude Ventures, Wave-X and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic and several angels.

“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.”

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