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About Dexterity
Industries
Robotics & Automation
Industrial & Manufacturing
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$291.2M
Headquarters
Redwood City, California
Founded
2017
Overview
Dexterity.ai develops AI-powered robotic technology aimed at improving logistics and supply chain management, particularly in trailer loading. Their robots autonomously pick and induct parcels into sorting systems at speeds faster than humans. A key feature of their technology is its ability to understand the environment in real-time without needing external data feeds or software integration, making it adaptable for various operations. Dexterity.ai serves a range of clients, from small businesses to large corporations like FedEx, focusing on enhancing operational efficiency, employee safety, and attracting talent through automation. They generate revenue by selling their robotic solutions and providing consultation services for technology integration, with the goal of transforming the logistics industry into a safer and more efficient environment.
Simplify's Take
What believers are saying
- Dexterity raised $95M, valuing the company at $1.65 billion.
- Partnerships with GXO Logistics showcase practical applications of their technology.
- Expansion into Europe with a new Commercial Director indicates strategic growth.
What critics are saying
- Competition from Boston Dynamics and Covariant may impact market share.
- Dependency on key clients like FedEx and UPS poses a business risk.
- Economic downturns could reduce demand for high-cost automation solutions.
What makes Dexterity unique
- Dexterity's robots operate without data feeds or warehouse software integration.
- Their technology offers real-time environmental understanding, enhancing adaptability.
- Dexterity's focus on trailer loading sets them apart in logistics automation.
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Funding
Total Funding
$291.2M
Above
Industry Average
Funded Over
3 Rounds
Lightspeed Venture Partners
Kleiner PerkinsBenefits
Flexible vacation time
Comprehensive healthcare benefits
Retirement plan
Wellbeing & fitness offerings
Insurance programs
Discounts & perks
Growth & Insights and Company News
6 month growth
â -2%1 year growth
â 1%2 year growth
â 2%California-based company Dexterity has unveiled Mech, the first superhumanoid industrial robot designed to perform physically demanding tasks in logistics environments.
AI-powered industrial robotics startup Dexterity raises $95M - SiliconANGLE
Dexterity has secured $95 million in funding, valuing the company at $1.65 billion. The investment, led by Lightspeed Venture Partners and Sumitomo Corp., highlights the growing momentum in AI robotics. Dexterity specializes in robots with human-like dexterity for industrial automation, with clients like FedEx and UPS. The funding reflects the increasing demand for AI-powered solutions due to labor shortages, efficiency needs, and technological advancements.
Dexterity raises $95 million to develop 'Physical AI' for robots.
Dexterity, a startup specializing in industrial robots with "human-like" finesse, has raised $95 million at a post-money valuation of $1.65 billion, per Bloomberg.
Dexterity is Hiring for 19 Jobs on Simplify!
Find jobs on Simplify and start your career today
Mechanical Engineering
5 Open Roles
AI & Machine Learning
4 Open Roles
DevOps & Infrastructure
3 Open Roles
Software Engineering
2 Open Roles
IT & Security
1 Open Roles
Engineering Management
1 Open Roles
Electrical Engineering
1 Open Roles
People & HR
1 Open Roles
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About Dexterity
Industries
Robotics & Automation
Industrial & Manufacturing
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$291.2M
Headquarters
Redwood City, California
Founded
2017
Dexterity is Hiring for 19 Jobs on Simplify!
Find jobs on Simplify and start your career today
Mechanical Engineering
5 Open Roles
AI & Machine Learning
4 Open Roles
DevOps & Infrastructure
3 Open Roles
Software Engineering
2 Open Roles
IT & Security
1 Open Roles
Engineering Management
1 Open Roles
Electrical Engineering
1 Open Roles
People & HR
1 Open Roles
People Also Viewed
Discover companies similar to Dexterity