Dexterity, a Redwood, California-based creators of intelligent robotic systems for logistics, warehouses, and supply chain, raised an additional $140 million in Series B equity funding and debt.
Major existing investors Lightspeed Venture Partners and Kleiner Perkins greatly expanded their commitment to Dexterity by leading the Series B, with additional participation from Obvious Ventures, B37 Ventures, and Presidio Ventures.
The latest funding round raises Dexterity’s total capitalization over US$200 million at a valuation of US$1.4 billion.
Dexterity will use the new capital to support the growth of the company as its first thousand robots are deployed into production.
Company: Dexterity, Inc.
Raised: $140.0M
Round: Series B
Funding Month: October 2021
Lead Investors: Lightspeed Venture Partners and Kleiner Perkins
Additional Investors: Obvious Ventures, B37 Ventures and Presidio Ventures
Company Website: https://www.dexterity.ai/
Software Category: Robotic solutions
About the Company: Dexterity, Inc. creates intelligent robotic solutions for logistics, warehouses, and supply chain customers. The company’s robotic software-as-a-service (SaaS) products equip robots with the vision, touch, and human-like skill and speed to handle unstructured piles of goods with elegance and dexterity. Dexterity solves labor shortages by delegating repetitive tasks - such as sortation, palletizing, and fulfillment - so employees can focus on higher-level, cognitive work. The company’s full-stack robotics systems are in production 24/7 with a support and performance guarantee. Dexterity’s robots excel in existing infrastructure with unpredictable environments like parcel singulation with jammed chutes or at the end of multi-SKU pallet building conveyors without a look-ahead.
Source: https://www.businesswire.com/news/home/20211013005190/en/Dexterity-Announces-US140M-in-New-Funding