The intersection of robotics and artificial intelligence continues to attract the attention of investors and big tech companies. According to Bloomberg, Dexterity, a start-up company focused on producing industrial robots with "human-like" precision, has raised US$95 million and has a post-financing valuation of US$1.65 billion.

The investment, which includes support from Lightspeed Venture Partners and Sumitomo Corporation, highlights the growing demand for AI-based machinery across industries. It comes as companies like Meta and Apple are also showing interest and are reportedly exploring investments in AI-powered humanoid robots, while startups like humanoid robot makers FigureAI and Apptronik have recently received huge funding to develop robots for a variety of tasks.As for Dexterity, its robots are designed to perform repetitive and sometimes dangerous tasks in warehouses and factories, such as boxing and sorting packages, for customers including FedEx and UPS.The robots use specialized artificial intelligence models, each focused on a specific task, company founder and CEO Samir Menon (who was most recently a PhD student at Stanford University) told Bloomberg. The company has now raised nearly $300 million in total.