202311 Jul

Verity extends oversubscribed Series B round to include Qualcomm Ventures, bringing total round to $43M

Summary

Z\xfcrich, July 11, 2023Verity AG (Verity), the worlds leading autonomous indoor drone company, is pleased to announce the successful completion of an additional $11M investment in its Series B funding round. By combining fully autonomous drone technology with advanced data analytics, Verity enables clients to benefit from real-time visibility and precise control over their inventory, driving operational efficiencies, cost savings, and reductions in CO2 emissions.Verity has proven its capability to unlock this value with a fully reliable system that is asset-light and can be installed in one week. Their extensive expertise and global resources make them an ideal partner as we continue to innovate and scale our autonomous inventory management solution. Veritys self-flying drone technology and advanced warehouse inventory analytics are helping transform supply chains by enabling end-to-end, real-time visibility. The system cuts labor and equipment costs, eliminates errors and disruptions, improves customer service, and reduces waste and CO2 emissions.

Source: Verity

Funding

$11M
Amount
Jul 11 2023
Date
-
Investor
Verity
Company

Classifications

Companies