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Verity AG broadcasts the profitable completion of a further $11M funding in its Sequence B funding spherical. With this newest capital elevate, Qualcomm Ventures joins a gaggle 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 traders together with Fontinalis Companions, Airbus Ventures, Sony Innovation Fund, ROBO World Ventures, and Verve Ventures, to assist Verity’s mission and fast progress to supply its purchasers with data-driven intelligence and stock administration options powered by self-flying drones.
The Sequence 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 knowledge analytics, Verity allows purchasers to profit 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 purchasers spanning retailers, 3PLs, and producers.
“We’re thrilled to welcome Qualcomm Ventures as a brand new investor in Verity,” stated 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 assets make them a super associate as we proceed to innovate and scale our autonomous stock administration answer. We look ahead to leveraging their insights and community.”
“The availability chain of the longer term is autonomous and automatic,” stated 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 rework provide chains by enabling end-to-end, real-time visibility. We’re excited to spend money on Verity because it scales its operations internationally.”
Verity is grateful for the continued assist of its traders and purchasers because it stays centered on driving innovation, increasing its market presence, and delivering distinctive worth to purchasers worldwide.