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After rising from stealth mode in July 2020 with $56.2 million in Sequence A funding, Redwood Metropolis, Calif.-based Dexterity immediately raised one other $140 million in Sequence B fairness funding and debt. The most recent spherical valued Dexterity, which has already raised greater than $200 million because it was based in 2017, at $1.4 billion.
The Sequence B spherical was led by present buyers Lightspeed Enterprise Companions and Kleiner Perkins. The spherical had extra participation from Apparent Ventures, B37 Ventures and Presidio Ventures. Dexterity stated it would use the brand new capital to assist its progress as its first thousand robots are deployed into manufacturing.
Dexterity’s hardware-agnostic robotic programs enable logistics prospects to automate pick-pack duties and may deal with advanced manipulations in unpredictable environments. Its robots can be utilized in kitting, achievement, palletizing and depalletizing and singulation purposes.
The robots use synthetic intelligence, superior management principle, laptop imaginative and prescient, and the sense of contact to adapt rapidly, making them secure to work alongside people. Dexterity additionally designs its programs in order that the robots can transfer on rails, pack objects, and collaborate with different robots and people. For example, two robots can collaborate to select trays or crates and transfer them throughout a piece space if required.
Dexterity stated its robotic programs have dealt with 50,000-plus SKUs and have carried out greater than 14 million picks for patrons, which embrace two of the 4 largest parcel carriers. The SKUs the robots have dealt with embrace loosely packed, deformable polybags, hot-dog buns, floppy tortillas, cardboard packing containers, luggage of earthworms, and trays and crates of client meals.
Dexterity’s full-stack method contains software program, {hardware} design and integration, deployment, and 24/7 assist with a efficiency assure for patrons as they scale up. Its programs can both be bought through a Capex mannequin with software program licensing or leased beneath a Robots-as-a-Service (RaaS) mannequin.
“Clients in retail, client items manufacturing, and parcel dealing with want robots to scale rapidly with a view to handle the ever-increasing quantity and number of packages shifting via their distribution facilities,” stated Dexterity CEO Samir Menon. “Dexterity is grateful to be on the forefront of delivering clever robotic programs in manufacturing throughout present buyer websites with the aim of quickly remodeling their warehouse operations.”
Whereas it got here out of stealth in 2020, The Robotic Report named Dexterity a startup to look at after seeing it at Automate/ProMat 2019.
Dexterity additionally made numerous strategic hires. Jason Barton from Realtime Robotics and Rethink Robotics joined the corporate as VP of Partnerships. Jonathan Briggs joined Dexterity as VP of 3PL and parcel supply gross sales after years at each Quiet Logistics and DHL. Dexterity additionally employed Michael Perry as its first VP of selling, who joined from Boston Dynamics. Cliff Kalinowski was named head of service operations from Mainspring Power, Andrew Heck was employed as head of strategic finance from Morgan Stanley, and Sumit Chopra was named head of software program assist from Cisco and Amazon Net Companies.
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