WaVe-X: Two million US dollars investment in Dexory

Dexory's digital twin platform DexoryView combines autonomous mobile robots, AI and real-time data analytics to optimize warehouse processes

Wiener Neudorf, October 1, 2024 - Austrian private equity firm WaVe-X announces its latest investment of two million US dollars in Dexory, a warehouse robotics and data intelligence company. The DexoryView platform, which is based on autonomous robots, artificial intelligence (AI) and real-time data analysis, enables companies to make warehouse processes more efficient.

DexoryView warehouse logistics

DexoryView is a digital twin platform that offers complete transparency in warehouse processes through the use of autonomous mobile robots and AI. Companies can retrieve precise and comprehensive data sets about their warehouse stocks and processes in real time. Through continuous scanning and the use of state-of-the-art sensor data and AI algorithms, Dexory creates an optimization that sets standards in the logistics industry. Customers already include companies such as GXO and Maersk.

DexoryView is proving to be an unrivaled technology to drive digital transformation and achieve better business outcomes in the warehouse and supply chain industry.

Andrei Danescu, CEO and co-founder of Dexory

The USD 2 million from WaVe-X is part of a total USD 80 million Series B funding round that will enable Dexory to further expand in North America. The company is currently already active in seven US states.

Financing round ushers in new era of logistics

Dexory has raised a total of USD 120 million in capital over the past three years, with the majority of funding driven by the launch of its autonomous robots and DexoryView platform. WaVe-X contributed to the latest funding round with an investment of two million US dollars. This was led by DTCP, with support from Latitude Ventures, Bootstrap Europe and other existing investors including Atomico, Lakestar, Capnamic and leading logistics experts.

Our investment in Dexory is a strategic move to drive innovation in the logistics industry. Dexory's technology is already delivering impressive results and has the potential to fundamentally change the way companies manage their warehouse processes.

Michal Lewandowski, Investment Manager at WaVe-X

In addition to financial support, WaVe-X offers expertise and access to an extensive network in the transportation and logistics industry. WaVe-X's parent company, the WALTER GROUP, supports the company in opening up new markets and driving technological innovation in logistics.

Danescu emphasizes that AI plays a central role in today's business management. With the quality of the data collected and the meaningful insights into processes, DexoryView offers both customers and investors economic success. The current funding round will enable Dexory to further develop its technology and accelerate its expansion in North America and beyond. In the near future, the company plans to expand its presence globally and attract additional partnerships to transform the logistics industry.