Intelligence and robotics company BotsAndUs has rebranded to Dexory.
The London firm is a provider of real-time data insights using autonomous robots that measure, track and find goods across warehouses without manual intervention.
The new name is taken from the words ‘dexterity’ and ‘echolocation’ – a nod to the company’s vision of enhancing human ability with the help of robotics.
It says its new visual identity supports its expansion and strategic vision as it moves from startup to scaleup.
“The natural evolution to Dexory is a new and thrilling chapter of our company. As we focus on data-led insight technology for the logistics and supply chain industry, we believe the timing was right for this transition,” said Andrei Danescu, CEO.
“This allows us to capture the essence of who we are as a business and as a team.
“We have grown steadily, seeing a staff increase of over 50% in six months, and our plan is to double that number again in 2023.”
The company raised $13 million in seed funding in June, led by Lakestar, along with Maersk Growth, Kinded Capital and Capnamic, taking its total funding to $20m, and spurring rapid growth aligning with an increasing market demand.
“Efficient warehousing has never been more important in global supply chains. Over 80% of warehouses worldwide have no automation whatsoever and rely entirely on manual methods. With the warehousing industry predicted to grow over 50% by 2025, streamlined functionality and processes that enable optimised operations is the need of the hour,” Danescu added.
In its new form, Dexory will continue its work with partners such as Menzies Aviation, Maersk, Huboo and several other logistics and warehousing organisations in the UK and across Europe.
Rory Fidler, Vice President Cargo Technology, Menzies Aviation, commented: “In February this year, Menzies introduced the autonomous robot Mimi, which was developed with BotsAndUs, now Dexory.
“It was important for us to use the technology to add real-time value to the operation. It is safe to say Mimi is delivering this, as on a daily basis we are achieving high accuracy levels across bond checking in a fraction of the time it has historically taken to do it manually.
“The team at Dexory have been fantastic to work with and we have a number of exciting projects in the pipeline with them.”