Zürich-based makers of an inventory tracking system powered by fully autonomous indoor drones Verity has raised $32 million in a Series B round. The capital will allow the company to accelerate operations and meet the growing backlog of deployments. Since late 2015, Verity has raised approximately $63 million.
The $32 million Series B round was led by A.P. Moller Holding with Exor Ventures and undisclosed existing and new investors participating.
Founded by Raffaello D’Andrea, former co-founder of Kiva Systems, a mobile robotic fulfillment system that was acquired by Amazon in 2012 for $775 million and rebranded as Amazon Robotics, Verity’s autonomous indoor drones can provide third-party logistics providers, retailers, manufacturers, and let’s be honest, just about anyone who has a space to keep stuff and needs to keep track of it, a zero-error inventory management solution.
With manual inventory scanning practically a thing of the past, the age-old practice is costly and laborious, and human errors more often than not lead to lost productivity and sales.
Verity’s system eliminates the variable and substitutes fully automated self-flying warehouse drones that require no operator and can fly in the dark.
Verity’s solution is already in use in some 30 sites in 13 countries on 3 continents.