Verity extends Series B funding round to include Qualcomm Ventures, bringing total to $43 million

Verity, an autonomous indoor drone company, has completed an additional $11 million investment in its Series B funding round.

This saw Qualcomm Ventures join a 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.

Verity completed an oversubscribed Series B funding round.

Led by A.P. Moller Holding and including Qualcomm Ventures, Exor Ventures and more, the round will enable Verity to scale the delivery of zero-error warehouses.https://t.co/rwa29QgwlZ pic.twitter.com/QYQEagng1s

— Verity (@verity_ag) July 11, 2023

“We are thrilled to welcome Qualcomm Ventures as a new investor,@ says 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.”

 "The supply chain of the future is autonomous and automated," says Boaz Peer, Senior Director, Qualcomm Israel and Managing Director at Qualcomm Ventures Israel and Europe.

"Verity's self-flying drone technology and advanced warehouse inventory analytics are helping transform supply chains by enabling end-to-end, real-time visibility. We're excited to invest in Verity as it scales its operations internationally."