The robotics industry continues to gain momentum as investors pour funds into automation-driven solutions. Dexterity Robotics, a company specializing in advanced industrial robots with precision handling, has successfully raised $95 million, pushing its valuation to $1.65 billion, according to Bloomberg.
This latest funding round, backed by Lightspeed Venture Partners and Sumitomo Corp., reflects the increasing demand for intelligent machinery in logistics and manufacturing. The investment follows a surge of interest from major tech players like Meta and Apple, which are reportedly exploring robotics ventures, alongside startups such as Figure and Apptronik, which have also secured substantial funding.
Dexterity’s robots are designed to streamline warehouse and factory operations by handling repetitive and high-risk tasks such as parcel sorting and box loading. Companies like FedEx and UPS have already integrated these robots into their logistics networks. CEO and founder Samir Menon, a former Stanford PhD student, shared that the company utilizes specialized models tailored to different tasks, enhancing the efficiency of automation in industrial settings.
With this latest investment, Dexterity has now raised nearly $300 million, solidifying its position in the rapidly evolving robotics landscape.
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