The intersection of robotics and AI continues to draw consideration from traders and Massive Tech alike. The newest indicator? Dexterity, a startup specializing in industrial robots with “human-like” finesse, has raised $95 million at a post-money valuation of $1.65 billion, per Bloomberg.
The funding, which incorporates backing from Lightspeed Enterprise Companions and Sumitomo Corp., highlights the rising demand for equipment powered by AI and comes amid a wave of pleasure from firms like Meta and Apple, that are reportedly exploring investments into AI-powered humanoid robots, and startups like humanoid robotic makers Determine AI and Apptronik which have just lately secured monumental funding rounds to develop robots for quite a lot of duties.
As for Dexterity, its robots are designed to carry out repetitive and generally harmful duties in warehouses and factories, akin to loading containers and sorting parcels, for purchasers that embody FedEx and UPS. Founder and CEO Samir Menon — whose final position was as a PhD pupil at Stanford — tells Bloomberg the robots use specialised AI fashions, every targeted on a selected process. The outfit has now raised practically $300 million altogether.
