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Verity AG publicizes the profitable completion of a further $11M funding in its Series B funding spherical. With this newest capital elevate, Qualcomm Ventures joins a bunch of backers together with A.P. Moller Holding, Exor Ventures, the enterprise capital arm of Exor (Ferrari, Juventus FC, The Economist), in addition to current buyers together with Fontinalis Partners, Airbus Ventures, Sony Innovation Fund, ROBO Global Ventures, and Verve Ventures, to assist Verity’s mission and fast development to offer its shoppers with data-driven intelligence and stock administration options powered by self-flying drones.
The Series B capital will allow Verity to scale the supply of zero-error warehouses and predictable worth throughout a provide chain {industry} that’s more and more turning to know-how to enhance essential operational impediments—labor shortages, misplaced productiveness, stock errors, and waste. By combining totally autonomous drone know-how with superior information analytics, Verity allows shoppers to learn from real-time visibility and exact management over their stock, driving operational efficiencies, value financial savings, and reductions in CO2 emissions.
Verity has confirmed its functionality to unlock this worth with a totally dependable system that’s asset-light and will be put in in a single week. With installations throughout 13 nations, Verity is a market chief in deploying autonomous stock administration options, with industry-leading shoppers spanning retailers, 3PLs, and producers.
“We are thrilled to welcome Qualcomm Ventures as a new investor in Verity,” stated Verity Founder and CEO, Raffaello D’Andrea. “Their clear vision of supply chain transformation is perfectly aligned with Verity’s mission. Their extensive expertise and global resources make them an ideal partner as we continue to innovate and scale our autonomous inventory management solution. We look forward to leveraging their insights and network.”
“The supply chain of the future is autonomous and automated,” stated Boaz Peer, Senior Director, Qualcomm Israel Ltd. and Managing Director of Qualcomm Ventures Israel and Europe. “Verity’s self-flying drone technology and advanced warehouse inventory analytics are helping transform supply chains by enabling end-to-end, real-time visibility. We’re excited to invest in Verity as it scales its operations internationally.”
Verity is grateful for the continued assist of its buyers and shoppers because it stays targeted on driving innovation, increasing its market presence, and delivering distinctive worth to shoppers worldwide.