The convergence of robotics and artificial intelligence continues to capture the attention of investors and major technology companies. What's the latest evidence? Dexterity, a startup focused on developing industrial robots with "human-like" flexibility, has recently secured $95 million in funding. According to Bloomberg, this financing round has brought the company's valuation to $1.65 billion.

The investment was led by Lightspeed Venture Partners and Sumitomo Corporation, underscoring the growing market demand for AI-powered machinery. Meanwhile, tech giants like Meta and Apple are reportedly exploring investments in AI-driven humanoid robots. Additionally, startups such as Figure AI and Apptronik, which specialize in humanoid robots, have also received substantial funding recently to develop robots capable of performing various tasks.

For Dexterity, their robots are designed to carry out repetitive and sometimes hazardous tasks in warehouses and factories, such as loading boxes and sorting packages for clients including FedEx and UPS. Founder and CEO Samir Menon – a former Stanford University Ph.D. student – told Bloomberg that these robots utilize specialized AI models, each focusing on specific tasks. To date, the company has raised nearly $300 million in total.