The intersection of robotics and AI continues to attract attention from investors and big technology. The latest indicator? Dexterity, a startup specializing in industrial robots with “human-like” finesse, has raised $95 million with a post-money valuation of $1.65 billion per Bloomberg.
Investments, including support from Lightspeed Venture Partners and Sumitomo Corp., highlight the growing demand for AI-powered machines, reportedly investigating investments in humanoid robots powered by AI amid waves of excitement from companies such as Meta and Apple. task.
In terms of dexterity, the robot is designed to perform repeated, sometimes dangerous tasks in warehouses and factories, such as box loading and sorting parcels, for customers, including FedEx and UPS. Founder and CEO Samir Menon was his final role as a doctoral student at Stanford University, but he told Bloomberg that robots, each focused on a specific task, use specialized AI models. The outfit is currently fully raised nearly $300 million.