Dexory Announces new Investors

Dexory, a leading intelligence and robotics company, announced today they have a new round of angel investors. This follows significant investment in 2022, when they secured $13m (£11m) in a seed round led by Swiss venture capital firm Lakestar. This announcement marks another milestone in Dexory’s journey, after the recent rebrand from BotsAndUs, reflecting their growth.

The new investors bring a range of expertise in the logistics space that will be invaluable in guiding Dexory during this vital growth stage. Dexory welcomes Paul Dodd, Martin Bysh, and Thomas Bagge as angel investors, among others.

Paul Dodd, Chief Innovation Officer and co-founder of Huboo brings over 20 years of experience working with robotics and supply chain with P&G, both in the UK and worldwide. Together with Martin Bysh, CEO, co-founder of Huboo, the pair have gone from deploying the technology at Huboo to investors, showing their confidence in the Dexory solution. Their experience in leading both the technical and commercial sides of Huboo will be of great benefit to the leadership team at Dexory.

Thomas Bagge, the CEO of Digital Container Shipping Association (DCSA) similarly brings a wealth of experience, having been working with global supply chains for 25 years in both logistics and container shipping companies. A large part of his career has been centred around digital transformation, process automation and deployment of new technologies, aligning well with Dexory’s vision of automation in the logistics space. The funding raised previously was used to expand and grow Dexory’s ground-breaking data solutions, establish strong partnerships with industry leaders and experts to boost growth and product development, and expand the company’s team. Dexory works with major industry leaders such as Menzies Aviation, Maersk, Huboo, and a number of other logistics and warehousing companies in the UK and across Europe.

Andrei Danescu, CEO of Dexory comments: “I’m proud to welcome such industry-leading expertise into Dexory. To secure this calibre of investors speaks volumes of their faith in the path we are on, and their guidance will help us continue to grow in 2023. We’re sure their industry knowledge will help to shape our roadmap at Dexory, and maximise the capabilities of our tech. Our unique approach to problem-solving, which integrates smart AI technology and robotics, gives us confidence that we can unlock great benefits for our customers”.