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Dexory raises USD 19 million in Series A funding round
Digital Twin
Jun 27, 2023
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Digital Twin

Digital Twin

Jun 27, 2023

Dexory raises USD 19 million in Series A funding round

Funding

  • Dexory (formerly BotsAndUs), an AI and robotics company, has raised USD 19 million in a Series A funding round led by Atomico, a European venture capital firm. Other investors in the funding round included Lakestar, Maersk Growth, Kindred Capital, and Capnamic. This brings the total funding raised to USD 38 million.

  • The funding will be utilized for scaling the platform into new geographic markets, including the US, Germany, and the Netherlands.

  • Dexory is primarily involved in developing robotics and data intelligence solutions for the logistics industry. Using digital twins, the company provides insights across operations (receiving to dispatch) to enable data-driven decision-making and improve productivity by performing tasks such as occupancy, gap analysis, and stock-taking. The company operates a B2B business model offering its services via a subscription model.

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