Dexory, a UK-based company specializing in AI and robotics, has secured $80 million in Series B funding to support its global expansion and further development of its technology aimed at the logistics and warehouse industries. The funding round was led by DTCP, with participation from Latitude Ventures, Wave-X, and Bootstrap Europe, alongside existing investors such as Atomico and Lakestar. As part of the deal, Michael Rager from DTCP will join Dexory’s board of directors.
The investment will be used to enhance Dexory’s AI-powered DexoryView platform, expand its global workforce, and accelerate the deployment of its autonomous robots with major customers including GXO, Maersk, and DB Schenker. Dexory is also focusing on expanding its presence in the U.S., where it currently operates in seven states. Additionally, the company plans to improve its development and production facilities in the UK.
Since its commercial launch 18 months ago, Dexory has seen rapid growth and has raised a total of $120 million over the last three years. The company’s technology provides real-time visibility in warehouse environments through autonomous robots that use AI to generate data, optimize operations, and enhance efficiency.
Dexory operates within a logistics automation market that is projected to grow at a compound annual growth rate (CAGR) of 15% by 2030, reaching an estimated value of $90 billion. The company’s technology is also positioned to benefit from the rising demand for digital twin technologies, expected to grow at a CAGR of 35.7% by 2030.
CEO and co-founder Andrei Danescu stated that DexoryView is proving essential for driving digital transformation and improving business outcomes in the supply chain sector. Michael Rager of DTCP also expressed confidence in Dexory’s ability to integrate advanced data and automation technologies into the supply chain, supporting its continued product innovation and global expansion.
Dexory’s platform has already delivered results for customers like GXO, Unipart, and DB Schenker, improving inventory accuracy and reducing manual tasks. These developments underscore the company’s role in optimizing warehouse operations as businesses face increasing pressure to improve supply chain efficiency.
