Robotics and data intelligence firm Dexory, which is based in Oxford, has closed a £66 million Series B funding round, to accelerate its AI-driven platform, DexoryView. The investment will also enhance production at its UK headquarters and expand its global reach – particularly in the US, where it already operates in seven states. Since launching its autonomous warehouse robots 18 months ago, Dexory has raised £99 million over the last three years, demonstrating incredible growth thanks to demand.
Dexory’s technology is transforming warehouse operations by providing real-time, AI-powered insights. With the logistics automation market projected to reach £75 billion by 2030, the company is well-positioned to lead as supply chains prioritise efficiency and accuracy.
Already adopted by companies like Unipart, Yusen Logistics and GE Appliances, the technology Dexology provides gives users 360-degree operational visibility, enabling improvements such as a 6% boost in inventory accuracy for DB Schenker. The Series B funding will support continued innovation in this growing market.
Andrei Danescu, CEO and co-founder of Dexory, commented: “We are incredibly excited about the momentum we’ve built over the past 18 months. DexoryView is proving to be an unrivalled technology for driving real digital transformation and delivering better business outcomes in the warehousing and supply chain industries. 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.”
Image source: Canva
