According to Bloomberg, Dexterity, a startup developing industrial robots with "human-like" dexterity, has secured $95 million in funding, bringing its valuation to $1.65 billion.
The investment, led by Lightspeed Venture Partners and Sumitomo Corporation, reflects the growing market demand for AI-powered robotic equipment. Meanwhile, tech giants like Meta and Apple are also showing significant interest in humanoid robots and exploring investments in related technologies. Notably, other startups like Figure AI and Apptronik have also recently received substantial funding to develop robots capable of performing diverse tasks.
Dexterity's robots are custom-designed to meet the needs of clients in warehouses and factories, handling repetitive and sometimes hazardous tasks. Clients include major logistics companies FedEx and UPS, where the robots efficiently perform tasks such as packing and sorting packages. Dexterity's founder and CEO, Samir Menon, a Stanford PhD alumnus, explains that these robots utilize specialized AI models, each focusing on a specific task.
To date, Dexterity has raised nearly $300 million in funding, further demonstrating market recognition and anticipation for its technology and products. The company will continue to focus on developing advanced robotics to drive automation and improve efficiency.
Key Highlights:
🤖 Dexterity secures $95 million in funding, reaching a $1.65 billion valuation.
💰 Investors include Lightspeed Venture Partners and Sumitomo Corporation, signaling increased market demand for AI robots.
📦 Robots are designed to assist clients with repetitive and hazardous tasks in warehouses and factories.
