Robotic Maker Dexterity Bulks Up With $140 Million Series B

<p><strong>REDWOOD CITY<&sol;strong> &&num;8212&semi; Dexterity&comma; a maker of intelligent robotic systems for logistics&comma; warehouses&comma; and supply chain&comma; has raised an additional &dollar;140 million in Series B equity funding and debt&period; Major existing investors Lightspeed Venture Partners and Kleiner Perkins expanded their commitment to Dexterity by leading the Series B&comma; with additional participation from Obvious Ventures&comma; B37 Ventures and Presidio Ventures&period; Dexterity will use the new capital to support the growth of the company as its first thousand robots are deployed into production&period;<&sol;p>&NewLine;<p>The company has now raised over &dollar;200 million to date and is valued at &dollar;1&period;4 billion&period;<&sol;p>&NewLine;<p>Dexterity’s intelligent robotics approach has enabled logistics providers to automate some of the most complicated tasks in the warehouse without needing to modify their existing infrastructure&period; The company’s robotic software-as-a-service &lpar;SaaS&rpar; product solutions equip commodity robots with vision&comma; touch and contextual intelligence to handle unstructured piles of goods with human-like dexterity and speed&period; Specifically&comma; Dexterity’s solutions excel at handling the hardest to grasp items in any warehouse and without requiring expensive and bulky auxiliary infrastructure&period; As an industry first&comma; Dexterity’s robotic systems have handled 50&comma;000&plus; SKUs ranging from loosely packed deformable polybags&comma; to delicate hot-dog buns&comma; to floppy tortillas&comma; to poorly sealed cardboard boxes&comma; to bags of earthworms&comma; to trays and crates of consumer food&comma; to even a molten birthday cake&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Customers in retail&comma; consumer goods manufacturing&comma; and parcel handling need robots to scale quickly in order to manage the ever-increasing volume and variety of packages moving through their distribution centers&comma;” said Samir Menon&comma; Dexterity’s CEO&period; &OpenCurlyDoubleQuote;Dexterity is grateful to be at the forefront of delivering intelligent robotic systems <i>in production<&sol;i> across existing customer sites with the goal of rapidly transforming their warehouse operations&period;”<&sol;p>&NewLine;<p>Dexterity’s fleet of installed robots have moved over 14 million items in production at its customers’ sites over the past two years&period; Dexterity’s full-stack approach includes software&comma; hardware design and integration&comma; deployment&comma; and 24&sol;7 support with a performance guarantee for customers as they scale up&period;<&sol;p>&NewLine;<p>In addition to closing this Series B round&comma; Dexterity made a series of key hires that fill out the commercial side of their Stanford-originated engineering team&period; Jason Barton from Realtime Robotics and Rethink Robotics joined the company as Vice President of Partnerships&period; Jonathan Briggs joined Dexterity as Vice President of 3PL and Parcel Delivery Sales after years at both Quiet Logistics and DHL&period; Dexterity also hired Michael Perry as its first Vice President of Marketing who joined from Boston Dynamics and DJI&comma; Cliff Kalinowski as Head of Service Operations from Mainspring Energy&comma; Andrew Heck as Head of Strategic Finance from Morgan Stanley&comma; and Sumit Chopra as Head of Software Support from Cisco and Amazon Web Services&period;<&sol;p>&NewLine;