Verity, a Zurich-based startup that uses drones for tracking warehouse inventory, has raised US $ 32 million in a Series B funding round led by A.P. Moller Holding. Verity’s solution automates tracking products around the clock, saving time and resources for warehouse management. The company counts Samsung’s SDS unit, logistics firm DSV, and IKEA’s Swiss wing as clients, with the IKEA operating 100 of Verity’s drones across 16 locations in seven European countries.
“The completion of our Series B funding round is an important nod to the value our system provides to clients, and it demonstrates investor confidence in our industry-leading solution and team,” said founder and CEO Raffaello D’Andrea. “We are especially pleased to welcome A.P. Moller Holding as a key investor in Verity, a global influencer committed to supporting companies that are delivering supply chain excellence and a positive impact on the environment.”
Verity’s founder and CEO, Raffaello D’Andrea, was a co-founder of Kiva Systems, which became the foundation of Amazon Robotics.
“We are investing in technology across the board so that our stores can better support customer fulfillment and become true centers for omnichannel retailing,” says Tolga Öncu of Dutch IKEA holding company INGKA. “Introducing drones and other advanced tools — such as, for example, robots for picking up goods — is a genuine win-win for everybody. It improves our co-workers’ well-being, lowers operational costs and allows us to become more affordable and convenient for our customers.”
In recent years, industries have emerged employing drones for improving operational efficiency. In addition, a number of companies, including Gather AI, IFM, and Corvus, employ these devices as a method for tracking warehouse inventory.
