Sumitomo invested in Dexterity’s 2020 funding round through its U.S.-based corporate venture capital arm Presidio Ventures.
This partnership is the next step in the two companies’ goal for Dematic to sell and deploy Dexterity robots globally.
Samir Menon, founder and CEO of Dexterity, joined The Robot Report Podcast to discuss the company’s full-stack robotic picking systems. The show also discussed how China’s new regulations killed an autonomous vehicle SPAC.
The latest round valued Dexterity, which has already raised more than $200 million since it was founded, at $1.4 billion.
Researchers at the University of California, Berkeley, said that combining neural networks with motion-planning software will give robots the speed and skill to assist in warehouse environments.
Dexterity Inc., which has raised $56.2 million so far, has developed robotics hardware and software for picking, collaboration, and packing.