Dexory Raises $19M

Dexory, a developer of real-time data procurement solutions for autonomous robots in industrial settings, has secured $19 million in series A funding. The company will put the funding toward international expansion in what it identified as key markets: the U.S and Europe. The company said it aims to double its workforce by the end of the year to support unit deployment functions and increased production. The funding will also be used to continue developing Dexory’s forecasting and simulation technology and accelerate the production of its automated robots in its U.K. facility.

Dexory’s technology combines analytics with autonomous robots to capture image and sensor data from a warehouse. The platform can connect warehouses across the global supply chain following a complete warehouse scan, which the company said can be accomplished with its DexoryView platform 100× faster than through human-only assessments. Users can also deploy DexoryView as a digital twin replica of a warehouse to help manage and optimize warehouse performance by simulating and predicting future scenarios.

As part of the investment, Ben Blume, a partner from Dexory investor Atomico, will join the company’s board of directors.