Andrei Danescu is the founder and CEO of Dexory, an autonomous warehouse robot maker.
Dexory, previously known as BotsAndUs, launched in 2015. The startup’s robots use artificial intelligence (AI) to create a digital twin of a warehouse. That mapping data can then be used by operators to run logistics more efficiently in the warehouse.
The London-headquartered company has raised nearly $20m in funding, including a $13m seed round in June 2022. It currently employs just under 50 staff, up from 15 two years ago.
In this week’s Founder in Five Q&A, the Dexory CEO explains a common mistake that founders make, reveals his unexpected connection with Formula 1, and shares a sector ripe for disruption.
1. What funding advice would you give to a first-time founder?
Andrei Danescu: It never gets easier, but you will get more resilient and you’ll get better at playing the game the more you practise. So it’s key not to give up! Also, make very good friends of your first customers, they will be key to getting any funding in....