|
Take heed to this text |
Verity AG publicizes the profitable completion of an extra $11M funding in its Collection B funding spherical. With this newest capital increase, 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 present buyers together with Fontinalis Companions, Airbus Ventures, Sony Innovation Fund, ROBO World Ventures, and Verve Ventures, to help Verity’s mission and speedy development to supply its purchasers with data-driven intelligence and stock administration options powered by self-flying drones.
The Collection 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 expertise to enhance essential operational impediments—labor shortages, misplaced productiveness, stock errors, and waste. By combining absolutely autonomous drone expertise with superior information analytics, Verity permits purchasers to learn from real-time visibility and exact management over their stock, driving operational efficiencies, price financial savings, and reductions in CO2 emissions.
Verity has confirmed its functionality to unlock this worth with a completely dependable system that’s asset-light and could be put in in a single week. With installations throughout 13 international locations, Verity is a market chief in deploying autonomous stock administration options, with industry-leading purchasers spanning retailers, 3PLs, and producers.
“We’re thrilled to welcome Qualcomm Ventures as a brand new investor in Verity,” mentioned Verity Founder and CEO, Raffaello D’Andrea. “Their clear imaginative and prescient of provide chain transformation is completely aligned with Verity’s mission. Their intensive experience and international sources make them an excellent accomplice as we proceed to innovate and scale our autonomous stock administration resolution. We stay up for leveraging their insights and community.”
“The availability chain of the longer term is autonomous and automatic,” mentioned Boaz Peer, Senior Director, Qualcomm Israel Ltd. and Managing Director of Qualcomm Ventures Israel and Europe. “Verity’s self-flying drone expertise and superior warehouse stock analytics are serving to remodel provide chains by enabling end-to-end, real-time visibility. We’re excited to put money into Verity because it scales its operations internationally.”
Verity is grateful for the continued help of its buyers and purchasers because it stays targeted on driving innovation, increasing its market presence, and delivering distinctive worth to purchasers worldwide.
