Confidential - Do not share without permission
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Confidential - Do not share without permission
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Performance
2.2x
-
Dexory Robotics is a quickly growing warehouse autonomous robotics company powering automated, connected & digital environments that transforms the logistics industry with unprecedented real-time data insights.
Memo Highlights
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Confidential
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Highlights
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Dexory has multiple enterprise customers under long-term contracts and are deployed in 15+ locations.
They currently have 80+ customers in the pipeline (with 30+ trials planned) with 6,100+ warehouses, which represents $205M+ in potential ARR.
They are at $300k ARR today → $2.5M ARR EO23 → $11.5M EO24 → $29M EO25, then scaling up aggressively to $10M ARR EO24 → $30M ARR EO25.
Current notable customers include:
Maersk - Live in 2 sites with 3 additional ones confirmed in Q2/Q3 and ongoing conversations regarding global expansion
Andrei Danescu (CEO) is an accomplished engineer with a background in Systems Engineering and Autonomous Technology. He has been building robots since 2004 and has over 10 years’ experience in the field, previously at; Fland Gruppe, Lanan Racing, Force India F1 Racing and Jaguar Land Rover.
Adrian Negoita (CTO) is an expert in all aspects of systems design, development and implementation. Previous experience includes leading development teams at IBM, Endava, Digital Science and Just Eat.
Oana Jinga (CCO) led strategic partnerships at Google and developed innovative products at Telefonica, her career touched on various areas designing, developing and bringing robots to the logistics industry
$19M Series A round @$64.75M pre-money valuation.
Atomico (investing $12M, early in Stripe, Klarna) + Lakestar (Spotify, SoFi, Oscar), Capnamic Ventures (Freshflow, Lumiform), Kindred Capital (Vault, Gaia), Maersk Growth (Afresh, Baton), among others.
Memo
Full memo hidden as the round has closed
Dexory has multiple enterprise customers under long-term contracts and are deployed in 15+ locations.
They currently have 80+ customers in the pipeline (with 30+ trials planned) with 6,100+ warehouses, which represents $205M+ in potential ARR.
They are at $300k ARR today → $2.5M ARR EO23 → $11.5M EO24 → $29M EO25, then scaling up aggressively to $10M ARR EO24 → $30M ARR EO25.
Current notable customers include:
Maersk - Live in 2 sites with 3 additional ones confirmed in Q2/Q3 and ongoing conversations regarding global expansion
Andrei Danescu (CEO) is an accomplished engineer with a background in Systems Engineering and Autonomous Technology. He has been building robots since 2004 and has over 10 years’ experience in the field, previously at; Fland Gruppe, Lanan Racing, Force India F1 Racing and Jaguar Land Rover.
Adrian Negoita (CTO) is an expert in all aspects of systems design, development and implementation. Previous experience includes leading development teams at IBM, Endava, Digital Science and Just Eat.
Oana Jinga (CCO) led strategic partnerships at Google and developed innovative products at Telefonica, her career touched on various areas designing, developing and bringing robots to the logistics industry
$19M Series A round @$64.75M pre-money valuation.
Atomico (investing $12M, early in Stripe, Klarna) + Lakestar (Spotify, SoFi, Oscar), Capnamic Ventures (Freshflow, Lumiform), Kindred Capital (Vault, Gaia), Maersk Growth (Afresh, Baton), among others.