Warehouse operations around the world have an urgent need for improved visibility, better space utilization, and increased efficiency, asserted Dexory. The London-based company today said it has secured additional funding from Schenker Ventures, the corporate investment arm of DB Schenker.
The investment followed Dexory's $19 million Series A round. The company said it plans to use the funding to introduce its DexoryView platform across Europe and the U.S. in the coming months.
“Technology that operates autonomously, provides real-time insights, possesses intuitive interfaces, and seamlessly integrates can lead to a revolutionary transformation in the day-to-day efficiency, productivity, and precision of warehouse operations,” said Andrei Danescu, co-founder and CEO of Dexory, in a release.
DexoryView takes data into the future
“For warehouse operators, guaranteeing flawless 'on-time, every time’ order fulfilment is paramount to satisfying the expectations of today’s consumers,” said Dexory.
The company said DexoryView uses autonomous mobile robots (AMRs) to capture rich image and sensor data from across a warehouse. It then applies analytics to provide visibility across a facility of any size, as well as from connecting sites across the global supply chain through DexoryView.
Dexory said its “one-of-a-kind platform” conducts comprehensive warehouse scans within a few hours — 100 times faster than human efforts and other inventory-collection technologies.
In addition, the system can serve as a digital replica of a physical warehouse to benefit not only management, but also performance optimization, said the company. It said its software can simulate, optimize, and forecast future scenarios, freeing warehouse personnel to engage in more complex tasks.
Dexory looks to DB Schenker for global growth
“The potential and evident success of Dexory’s technology within the global logistics landscape in a short space of time is impressive,” said Paulina Banszerus, head of venture capital at Schenker Ventures. “Dexory has engineered a solution that not only boasts seamlessness and user-friendliness, but also provides a remarkable depth and speed of inventory data collections setting Dexory apart, enabling efficient and accurate insight.”
“The strong, execution-driven team behind the vision for DexoryView goes beyond inventory management, [and] the technology's visualisation is impressive, whilst being scalable in the future,” she explained. “And that’s what makes Dexory a great fit to our innovative portfolio.”
Dexory said it is continuing conversations with DB Schenker for partnerships in various territories. The company said it wants to embed accurate real-time data into customer supply chains worldwide, making it “the new standard for the warehouse of the future.”
“I’m delighted DB Schenker shares our vision for full visibility across supply chains and have great confidence in our technology, ambitions, and growth plans,” Danescu added. “Their industry expertise will help us grow into new territories and maximize the capabilities of the tech while bringing fantastic value to their sites, a great partnership for both.”
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