VCID: 17604306
http://vcinvest.com/node/17604306
    Profile

    Corporate information

    Official name
    Verity AG

    Registration country
    Investment activity status
    Active investor


    Overview

    Verity has established itself as the world’s leading provider of autonomous indoor drones having conducted hundreds of thousands of fully autonomous flights. Verity has developed a unique system of autonomous drones that interact with each other. The failsafe seamless orchestration of these drones has been validated in over 100 venues around the world. They have been used in no-drone restricted zones including airports and stadiums, have flown above the heads of global stars such as Metallica and Céline Dion, and are protected by a large patent portfolio. The system is now being applied to the fast-growing warehouse automation sector with clients such as IKEA. Drones control stock and identify empty space or misplaced items. This reduces costs and human errors while improving workplace safety, and provides valuable insights within the industrial workplace. Verity was founded by Prof. Raffaello D'Andrea, an expert in dynamic systems and controls. In 2012, he had a successful exit when his previous startup Kiva Systems was sold to Amazon for USD 775 million, Amazon's second-biggest acquisition until then.

    Funding rounds

    Change in valuation: unknown

    Profile Country Notes
    Verve Capital Partners AG Switzerland Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    Fontinalis Partners LLC Strategic investment firm focused exclusively on next-generation mobility companies United States Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    Kittyhawk Manufacturer of electric personal air vehicles. United States Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    Sony Corp Japan Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    Airbus Ventures Silicon Valley-headquartered, early-stage investment funds, financed by Airbus Group, that operate within the Airbus family of companies. Initial investment. Round participant.

    Current and past shareholders

    Investor Round
    Airbus Ventures logo Airbus Ventures
    Silicon Valley-headquartered, early-stage investment funds, financed by Airbus Group, that operate within the Airbus family of companies.
    N/A
    Fontinalis Partners LLC logo Fontinalis Partners LLC
    Strategic investment firm focused exclusively on next-generation mobility companies
    N/A
    Kitty Hawk logo Kittyhawk
    Manufacturer of electric personal air vehicles.
    N/A
    Sony Corp logo Sony Corp
    N/A
    Verve Ventures logo Verve Capital Partners AG
    N/A

    Notable customers