Funding secured for warehouse analysis pioneer

THE DEXORY solution is designed to help companies achieve better insight into their operations, leading to better space utilisation and efficiency.

To achieve this, Dexory combines powerful analytics with autonomous robots capable of capturing rich image and sensor data from across a warehouse. This year Dexory launched its digital platform, DexoryView, which feeds off live data generated by the robots that travel the warehouse scanning the shelves.

Atomico partner Ben Blume will join Dexory’s board of directors.

Blume says: “For an operation as complex and sophisticated as running a modern warehouse, the current lack of an automated way to capture data about the physical space is a major pain point. We’re hugely excited by the promise, and market traction, of Dexory’s technology with leading global logistics companies like Maersk and Menzies Aviation.”

The cash will be used for international expansion in key markets such as the US, and Central and Northern Europe, with aims to double Dexory’s workforce by the end of the year. The funding will also be used to continue developing Dexory’s forecasting and simulation technology; as well as accelerating the production of its automated robots in its facility in the UK. 

Other participants in Dexory’s round of funding are existing investors Lakestar, Kindred, Capnamic, and Maersk Growth.