Dexory Raises $80 Million in Series B -

Dexory Raises $80 Million in Series B - October 2, 2024

Executive Summary

Dexory builds ultra-tall autonomous robots that use AI-powered computer vision to help warehouses efficiently inventory goods in real-time, providing actionable data intelligence through its DexoryView platform.

Funding Amount: $80 Million

Valuation: Undisclosed

Round Type: Series B

Announced: October 2, 2024

Headquarters: London, United Kingdom

Category: Robotics - Warehouse Automation

About Dexory

Dexory was founded in 2015 and is headquartered in London, United Kingdom.

Funding Round Details

Investment Amount

Dexory successfully raised $80 Million in this Series B funding round.

Lead Investors & Participants

DTCP (Lead Investor): European growth equity firm leading the Series B, with MD Michael Rager joining the board

Latitude Ventures (New Investor): Venture capital firm joining the round

Wave-X (New Investor): Investment firm participating in the Series B

Bootstrap Europe (New Investor): European venture capital firm

Atomico (Existing Investor): Led previous round in June 2023, continuing support

Lakestar (Existing Investor): European VC firm continuing from earlier rounds

Capnamic (Existing Investor): German venture capital investor

Use of Funds

The $80 million (comprised of equity and growth debt) will expand Dexory's AI-powered features across the DexoryView platform, grow the global team, and accelerate deployment of autonomous robots with customers like GXO, Maersk, and DB Schenker. A major focus is expanding across the US market where Dexory is already live in seven states.

Key Metrics & Achievements

$120 million total raised over past three years
Operating in 7 US states with major logistics customers
Partnerships with GXO, Maersk, DB Schenker
Ultra-tall autonomous robots can scan warehouse inventory to 40+ feet height
DexoryView AI platform provides real-time warehouse intelligence
Team grew significantly with US expansion focus
Equity and growth debt funding structure

Business Model

Dexory provides autonomous robots-as-a-service combined with AI-powered warehouse intelligence software. The tall, mobile robots autonomously navigate warehouses scanning inventory at all heights, while the DexoryView platform processes this data to provide real-time visibility, predictive analytics, and operational insights. Revenue comes from robot deployment fees and SaaS subscriptions.

Market Opportunity & Competition

Dexory competes in warehouse automation with companies like Locus Robotics, 6 River Systems (Shopify), Fetch Robotics (Zebra), and traditional inventory management systems. Dexory differentiates through its ultra-tall scanning capability, AI-powered analytics platform, and focus on real-time data intelligence rather than just physical automation.

This fundraising report was announced on October 2, 2024 and represents verified data from Crunchbase, Bloomberg, TechCrunch, The Robot Report, and official company announcements.

Dexory