Verity
Verity is a deep-tech company founded in 2014 that develops AI-powered autonomous drone systems for inventory management in warehouses. Their flagship product is a fully autonomous indoor drone system integrated with AI and cloud-based intelligence that provides real-time, precise inventory tracking and operational insights. Verity's technology eliminates 98% of operational errors, reduces labor costs by 90%, and decreases shrinkage by 40%, while supporting sustainability by reducing CO2 emissions. The system is scalable, adaptable, and deployable within one week, serving over 150 client sites globally across industries such as retail, logistics, manufacturing, fashion, and food & beverage. Key clients include UPS, DSV, Maersk, IKEA, and KeHE. Verity is led by a team of experts in AI, robotics, and autonomous systems, including co-founder and CEO Raffaello D'Andrea, and holds over 150 patents. The company also operates in the live events industry, creating indoor drone shows for major artists and venues worldwide.
Verity
Verity is a deep-tech company founded in 2014 that develops AI-powered autonomous drone systems for inventory management in warehouses. Their flagship product is a fully autonomous indoor drone system integrated with AI and cloud-based intelligence that provides real-time, precise inventory tracking and operational insights. Verity's technology eliminates 98% of operational errors, reduces labor costs by 90%, and decreases shrinkage by 40%, while supporting sustainability by reducing CO2 emissions. The system is scalable, adaptable, and deployable within one week, serving over 150 client sites globally across industries such as retail, logistics, manufacturing, fashion, and food & beverage. Key clients include UPS, DSV, Maersk, IKEA, and KeHE. Verity is led by a team of experts in AI, robotics, and autonomous systems, including co-founder and CEO Raffaello D'Andrea, and holds over 150 patents. The company also operates in the live events industry, creating indoor drone shows for major artists and venues worldwide.
TL;DR
Founded: 2014
Headquarters: Zurich, Switzerland
Product: Autonomous indoor drone systems for inventory tracking
Notable clients: IKEA, DSV, Maersk, UPS, KeHE
Total funding (reported): USD 80,960,000
Company Overview
Problem Domain
Warehouse and retail inventory management, operational visibility, and shrinkage/labor reduction
Founded
2014
Industry
Robotics / Warehouse automation
Tech Stack
Funding Track Record
USD 32,000,000
USD 11,000,000
Extension to March 2023 Series B; participation reported from Qualcomm Ventures
Investor Signal
“Includes strategic and corporate investors such as A.P. Moller Holding, Exor Ventures, Qualcomm Ventures, Airbus Ventures, Fontinalis Partners, and Sony Innovation Fund”