According to the latest report from Bloomberg, Dexterity, an industrial robot startup focused on producing "human-like" fines, recently successfully completed a $95 million financing. The financing brought the company's valuation to US$1.65 billion, further consolidating its leading position in the field of industrial robots.
The financing was supported by well-known investment institutions such as Lightspeed Venture Partners and Sumitomo Commercial, fully reflecting the rapid growth of the market's demand for artificial intelligence-based mechanical equipment. At the same time, technology giants such as Meta and Apple have also shown strong interest in humanoid robots and are actively exploring investment opportunities in related technologies. It is worth noting that startups like Figure AI and Apptronik have also recently received large funding to develop robots that can perform multiple tasks, further driving the field.
Dexterity’s robots are designed for customers to meet the needs of performing repetitive and sometimes dangerous tasks in warehouses and factories. Its customers include well-known logistics companies FedEx and UPS, which are capable of efficiently packing and sorting parcels. Samir Menon, founder and CEO of Dexterity, who studied his PhD at Stanford University, said the robots use dedicated AI models, each focusing on a specific task, ensuring high efficiency and accuracy.
As of now, Dexterity has raised nearly US$300 million in total, which further demonstrates the market's recognition and expectations for its technology and products. The company will continue to work on developing advanced robotics to drive automation and improve work efficiency, bringing more innovation and change to the industrial sector.
Key points:
Dexterity received $95 million in financing and a valuation of $1.65 billion.
Investors include Lightspeed Venture Partners and Sumitomo Corporation, showing that the market demand for AI robots has increased.
Robots are designed to help customers complete repetitive and dangerous tasks in warehouses and factories.