Dexterity Inc., a forward-thinking robotics company nestled in Redwood City, California, has just secured a hefty $95 million in its latest funding round. This fresh capital injection bumps their total funding up to an impressive $291 million. Founded in 2017, Dexterity is all about ‘physical AI’—a fancy way of saying they’re working hard to make robots as nimble and capable as humans when it comes to handling logistics and warehousing tasks.
One of their standout innovations is the DexR system. Picture this: dual robotic arms equipped with computer vision and machine learning capabilities, all working together to efficiently unload trailers and containers. What’s truly exciting is that this system isn’t static; it learns and adapts over time to handle a wide range of items, from stiff cardboard boxes to flexible plastic materials. Imagine being able to manage several robots at once—Dexterity’s vision is to make that a reality for operators.
Dexterity’s cutting-edge work hasn’t gone unnoticed. They’ve bagged the 2024 RBR50 Robotics Innovation Award, a testament to their impact in the industry. They’re also collaborating with big names like FedEx and Sumitomo Corp to push their technology further.
The recent funding round, led by Lightspeed and Sumitomo Corp, has propelled Dexterity’s valuation to a whopping $1.65 billion. That’s a significant milestone for any company, especially one that’s set on revolutionizing how we think about automation in logistics.
