London-based Dexory, a robotics and data intelligence company, announced that it has raised additional investment from Schenker Ventures, the corporate investment arm of DB Schenker.
The announcement comes after Dexory’s recent $19M Series A fundraise in June from existing investors Lakestar, Kindred, Capnamic, and Maersk Growth.
Dexory says the fresh funding will allow it to focus on introducing its newest solution, DexoryView, across Europe and the US in the coming months. It will also strengthen the company’s position as the leading real-time supply chain visibility provider.
“I’m delighted DB Schenker shares our vision for full visibility across supply chains and have great confidence in our technology, ambitions and growth plans,” says Andrei Danescu, CEO and co-founder of Dexory.
“Their industry expertise will help us grow into new territories and maximise the capabilities of the tech while bringing fantastic value to their sites, a great partnership for both,” adds Danescu.
Dexory is also in talks to partner with DB Schenker in various territories. The partnership can help the company embed accurate real-time data into its customers’ supply chains worldwide. This would make Dexory the new standard for the warehouse of the future.
How Dexory offers solutions
Established in 2015, Dexory is a fast-expanding robotics firm that utilises fully autonomous mobile robots to gather real-time insights within warehouses. It has worked with prominent industry leaders like Menzies Aviation, Maersk, Huboo, and various logistics and warehousing firms in the UK and Europe.
Dexory helps warehouses with improved visibility, better space utilisation and increased efficiency. Its solution combines autonomous robots, data analytics, and a digital platform to provide comprehensive visibility across individual warehouses of any size while also connecting sites across the global supply chain through Dexory’s digital platform, DexoryView.
DexoryView is a newly released unique platform that can scan entire warehouses in a few hours, 100 times faster than traditional inventory collection methods. It creates a digital replica of the warehouse, which can be used for management and performance optimisation.
It will be supported by a new Dexory robot that can extend up to 12 metres, a first in the industry.
DexoryView can also simulate, optimise, and forecast future warehouse scenarios. This can give the warehouse workers more time to focus on complex tasks.
Recent years have seen unprecedented shocks to global supply chains due to the e-commerce boom, the COVID-19 pandemic, and the war in Ukraine. Warehouses, the core of the supply chain, have felt this particularly acutely, as they are responsible for storing, sorting, and distributing goods.
With the help of Dexory and DexoryView, warehouses can ensure 100 per cent fulfilment and meet the demands.
“The potential and evident success of Dexory’s technology within the global logistics landscape in a short space of time is impressive,” says Paulina Banszerus, head of venture capital at Schenker Ventures.
Banszerus also praised Dexory’s solution for its seamlessness, user-friendliness, and remarkable depth and speed of inventory data collection. She highlighted DexoryView’s impressive visualisation and scalability for the future with the execution-driven team behind the technology, concluding that Dexory is an excellent fit for Schenker Ventures’ portfolio.