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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