Dexory’s founding trio, comprising Andrei Danescu, Oana Jinga, and Adrian Negoita, successfully pioneered the development of an innovative corporate data collection robot. | Supply: Dexory
Deoxy Tuesday announced the closure of its $80 million Series B funding round. The robotics and information intelligence company stated that the funding will support the expansion of its AI-driven solutions across its DexoryView platform.
The company, based in central London, intends to expand its global presence while accelerating the rollout of its autonomous robotics technology. Its cutting-edge expertise is already in action with prominent clients such as GXO, Maersk, DB Schenker, and many others. The corporation is considering expanding its operations across the United States. The market presents a ripe opportunity for Dexory to further expand its presence, having already established itself in seven states. Lastly, Dexory will utilise Sequence B funding to strengthen improvement and manufacturing capabilities within its UK operations. headquarters.
“We’re thrilled to see the significant progress we’ve made over the past 18 months,” said Andrei Danescu, CEO and co-founder of Dexory. “DexoryView has established itself as a unique authority on driving tangible digital transformations, yielding superior business results in the warehousing and supply chain sectors.” Artificial intelligence is firmly at the top of the agenda for forward-thinking business executives. With its robust capacity to extract valuable information and provide actionable insights into operational efficiencies, DexoryView poised to deliver unparalleled business outcomes for both clients and traders.
DTCP led a funding round that also drew in investors Latitude Ventures, Wave-X, and Bootstrap Europe, along with existing backers Atomico, Lakestar, Capnamic, and multiple angel investors from the logistics sector. As part of this funding, DTCP’s Michael Rager has joined Dexory’s board of directors. The project’s financing consisted primarily of a blend of fairness and progress notes.
Dexory’s rapid growth since its inception is a testament to its success.
Since shutting down its sphere, Dexory has secured a total of $120 million in funding across the preceding three-year period. Within just 18 months of launching its autonomous warehouse robots and software platform specifically designed for logistics companies, the firm is thrilled to report extraordinary advancements.
Michael Rager, associate at DTCP and a board member of Dexory, noted that they are highly impressed by the significant strides Dexory has taken in transforming warehouse operations using its innovative expertise. The company is uniquely situated at the nexus of our investment hypothesis on digitization and automation. The technology’s ability to extract nuanced, actionable insights from various body regions and integrate them effortlessly into the supply chain is truly impressive.
The corporation’s innovative product provides unparalleled real-time insight into warehouses of all sizes through the integration of autonomous cell robots and artificial intelligence. Dexory leverages unique information constructs derived from a broad spectrum of sensors and imagery, continuous monitoring, and cutting-edge AI advancements to inform its capabilities. These options enable Dexory to unlock new realms of optimization and effortless effectiveness. With this expertise, the corporation immediately addresses the logistics industry’s pressing need to optimize operational efficiency across both domestic and international networks.
Dexory’s progress with its prospects
With its innovative platform, Dexory is garnering significant attention from major logistics companies such as GXO, Unipart, and Yusen Logistics, leaving a lasting impact on the industry. The company has also achieved significant milestones in its partnerships with prominent manufacturers like GE Appliances and Denso.
With unparalleled transparency, DexoryView provides a comprehensive overview of warehouse activities, empowering informed stock management and strategic operational decisions. The platform’s ability to rapidly conduct warehouse scans and generate digital replicas of warehouse spaces enables optimized operational efficiency and facilitates predictive scenario simulations for informed decision-making.
Companies like DB Schenker have demonstrated the ability to enhance their inventory precision by 6%, a feat they’ve successfully sustained over time, according to Dexory’s findings. While companies such as ID Logistics have successfully reduced manual inventory checks by 41% within just a two-month period. By automating certain tasks, businesses can free up valuable time to focus on more pressing responsibilities.
