News Summary

Dexterity, a California-based startup specializing in industrial robots equipped with AI, has successfully raised $140 million in Series B funding. This latest round elevates the company’s valuation to $1.4 billion, bringing its total capitalization to over $200 million. Dexterity’s robots are designed to perform tasks such as loading boxes and sorting parcels, primarily serving clients like FedEx and UPS. The investment reflects increasing interest in AI-driven robotics, with backing from Lightspeed Venture Partners and Sumitomo Corp. The funding will support Dexterity’s growth, as it plans to deploy its first 1,000 robots into production.