Unicorn startup Dexterity eyes IPO with superhuman robots
Dexterity, an AI robotics startup from California, just raised $95 million in fresh funding—pushing its valuation to $1.65 billion and bringing total funds raised close to $300 million.
The new cash will help Dexterity grow, with an eventual goal of a US IPO.
Dexterity's robots assist in warehouse jobs
Started in 2017, Dexterity makes smart robots for tough warehouse jobs.
Their main bot, Mech, has two long arms (16 feet!) and can lift up to 59kg.
With touch sensors and real-time object recognition, these robots are manufactured in partnership with companies like Kawasaki Heavy Industries and work alongside big names like FedEx, UPS, and GXO.
Humanoid robots could become a $5 trillion industry by 2050
Dexterity is tackling global labor shortages by automating demanding tasks in parcel delivery and e-commerce.
Their "physical AI" approach aims to support workers rather than replace them.
Experts think humanoid robots could become a $5 trillion industry by 2050 as more companies jump on board.