Verity
Latest round
- Series B
Last raised
- Jul 2023
Total raised
- $61M
Investors
- 11
About Verity
Verity AG, founded in 2014 by Markus Hehn, Markus Waibel, and Raffaello DAndrea, specializes in autonomous drone solutions. Headquartered in Zurich, Switzerland, the company has executed five deals to date.P.Verity specializes in AI-powered autonomous drone systems designed for inventory management, providing a robust solution that enhances operational efficiency across various industries. Their core offerings include mobile intelligence systems that integrate seamlessly with warehouse management systems (WMS) to deliver precise, real-time data on inventory. By automating inventory tracking and management, Verity addresses significant pain points such as inventory inaccuracies, labor inefficiencies, and operational errors, ultimately driving down costs and improving service levels. The company primarily serves a diverse client base, including top retailers, logistics service providers, manufacturers, and firms within the fashion, apparel, and food and beverage sectors.Verity's revenue model centers around B2B transactions, primarily offering subscription-based services and partnerships with its clients. The company’s flagship AI-powered systems are structured to provide clients with scalable solutions that integrate into their existing operations, facilitating a smoother transition and quicker deployment of their technology. Clients typically engage in agreements that encompass initial setup costs, followed by regular subscription fees for ongoing software updates and support services. These transaction structures are designed to ensure that clients benefit from continuous enhancements in inventory management capabilities without significant upfront capital expenditure. The company aims to enhance its market reach and is actively working on new product designs, although specific release dates have not been disclosed. Verity is targeting expansions into new markets across Europe and Asia by 2025.
Who invested in Verity
11 investors across 3 rounds
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Questions about Verity
Who invested in Verity?
Verity has 11 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Verity raised?
Verity has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Verity last raise money?
Verity's most recent round on record is a Series B, in Jul 2023.
What does Verity do?
Verity AG, founded in 2014 by Markus Hehn, Markus Waibel, and Raffaello DAndrea, specializes in autonomous drone solutions.
Where is Verity headquartered?
Verity is headquartered in Zurich, Switzerland.
Which VCs invest in companies like Verity?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back consumer products companies at Verity's stage. Their profiles are linked below.
VCs backing consumer products startups at Series B
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