Press: The Series B capital will enable Verity to scale the delivery of zero-error warehouses and predictable value across a supply chain industry that is increasingly turning to technology to improve crucial operational impediments – labor shortages, lost productivity, inventory errors, and waste. 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.

With this latest capital raise, Qualcomm Ventures joins a distinguished group of backers including A.P. Moller Holding, Exor Ventures, the venture capital arm of Exor (Ferrari, Juventus FC, The Economist), as well as existing investors including Fontinalis Partners, Airbus Ventures, Sony Innovation Fund, ROBO Global Ventures and Verve Ventures.

“We are thrilled to welcome Qualcomm Ventures as a new investor in Verity”, said Verity Founder and CEO, Raffaello D’Andrea. “Their clear vision of supply chain transformation is perfectly aligned with Verity’s mission. Their extensive expertise and global resources make them an ideal partner as we continue to innovate and scale our autonomous inventory management solution. We look forward to leveraging their insights and network.”