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Dexory Raises $19M

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LONDON, July 31, 2023 — 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. 


Published: July 2023
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
computer vision
Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...
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