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Dexory Secures $165M in Funding to Upgrade Warehouse Automation Tech
Yahoo Finance· 2025-10-15 21:58
Core Insights - Dexory, a London-based warehouse automation startup, has secured $165 million in funding, with $100 million from venture capital and $65 million as growth debt financing [1][3][4] Funding Details - The venture funding round was led by Eurazeo's growth team, with participation from several investors including LTS Growth, Endeavor Catalyst, DTCP, Atomico, Lakestar, Elaia, Latitude Ventures, and Wave-X [1] - The combination of equity funding and growth debt provides the company with flexibility for long-term innovation and efficient scaling of operations [3][4] Technology and Capabilities - Dexory has developed a proprietary technology called DexoryView, which utilizes autonomous mobile robots (AMRs) to collect data and create a digital twin of the warehouse, providing real-time insights on inventory and storage conditions [2][5] - The robots can scan over 10,000 locations per hour, achieving 99.9% inventory accuracy for warehouse customers [5] Strategic Focus - The funding will be used to enhance DexoryView's development, focusing on building AI systems that enable warehouses to operate adaptively and self-optimize in real-time [6] - The company aims to expand its operations into the Asia-Pacific region and diversify into retail and e-commerce, beyond its current focus on logistics and manufacturing [7]
TEF's Unit & Dexory Forge Alliance to Transform Warehouse Management
ZACKS· 2025-04-09 14:20
Core Insights - Telefonica Tech has partnered with Dexory to enhance digital transformation in the logistics sector, integrating IoT connectivity with AI-driven solutions [1][4][6] Group 1: Partnership and Technology Integration - The collaboration will be officially announced at Advanced Factories 2025 in Barcelona, focusing on empowering logistics and manufacturing businesses [1] - Dexory's platform, DexoryView, utilizes autonomous robots with LiDAR sensors to scan up to 10,000 locations per hour, providing real-time data on inventory [2] - Telefonica Tech's expertise allows for seamless integration of Dexory's platform with existing Warehouse Management Systems (WMS), enabling synchronized inventory data and improved warehouse operations [3] Group 2: Operational Improvements - The partnership aims to transform logistics operations from outdated inventory reports to fully automated processes, enhancing visibility and efficiency [4] - Autonomous robots will reduce inventory errors and improve decision-making by providing precise data, while also optimizing storage space utilization [5] - The automation service will facilitate better demand predictions and enhance workplace safety by reallocating hazardous tasks to robots [6] Group 3: Strategic Collaborations and Growth - Telefonica is actively pursuing strategic collaborations, including partnerships with Nokia and AWS to enhance cloud capabilities for 5G networks [7] - The company has also strengthened its collaboration with Microsoft to accelerate digital transformation in telecommunications through AI-driven platforms [8] - An agreement with IBM aims to develop robust security solutions for businesses, leveraging Telefonica's cybersecurity capabilities [9][10]