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Physical AI and robotics provider Dexterity recently announced it has closed a $95 million funding round, raising the company’s total valuation to $1.65 billion.
Lightspeed Venture Partners and Sumitomo Corporation participated in the round, the latter having invested in and partnered with Dexterity in 2022 to deploy 1,500 warehouse robots across Japan by 2026. Sumitomo and Dexterity recently established a joint venture to accelerate AI-powered robot adoption in the country.
The Redwood City, Calif.-based startup previously raised $140 million in Series B funding in 2021, bringing its valuation to $1.4 billion at the time.
Dexterity CEO Samir Menon said the company will use its latest funding to continue R&D of its technologies and hire additional employees, Bloomberg reported.
Dexterity’s customers include global logistics and parcel handling companies GXO, UPS, and FedEx, the latter having collaborated to help develop its DexR truck trailer loading robots.
Unveiled in 2023, DexR is equipped with two robot arms, and uses grippers, sensors, and cameras along with AI and machine learning (ML) algorithms to pick and place parcels into trailers.
Menon said Dexterity’s robots include touch sensing and object recognition capabilities, awareness to respond appropriately to their surroundings, and the ability to move and adjust as needed.
“The combination of those three is what we engineer and what we believe will drive the future of physical Al,” Menon said.
Dexterity describes its latest dual-arm robot, Mech, as a “superhumanoid.” Just like DexR, Mech is a form of mobile manipulation robot (MMR), which can be moved around facilities using a mobile robot base.
With a 17.7 foot (5.4 meter) working envelope, the humanoid-like Mech can lift up to 132 pounds (60 kg) and operate in environmental conditions between 32 and 122 degrees Fahrenheit in up to 90% humidity.
One of Dexterity’s goals is to improve labor productivity through fleet management strategies. By deploying robots, the company aims to allow one “fleet captain” to manage 10 or more Mech robots.
In terms of safety, Dexterity said its software and hardware are “human centric,” and every deployment is certified to be RIA 15.06 compliant.
Beyond truck loading and unloading, applications for Dexterity’s robots include palletizing and depalletizing, singulation, and sortation. The company partnered with Dematic in 2022 to help deploy “full task” robots for Dexterity’s manufacturing, parcel, and retail customers.
Want to learn more about picking with robot arms and automation? This article was featured in the April 2025 Robotics 24/7 Special Focus Issue titled “Pick-and-place robots take on lifting applications.”
Dexterity helps people thrive and grow by freeing them to do work that humans do best. For warehouse robotics, we focus on AI, machine learning and platform-based robotic intelligence to make warehouses more productive, efficient and safe.
Donald Halsing is the Founding Editorial Director of Work Safety 24/7. He was formerly the Associate Editor of Robotics 24/7.
Don's experience spans the supply chain, logistics, and construction industries, having worked in both warehouse operations and land surveying. He is also a professional wedding photographer with his fiancée Ashley.
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