See other companies on Welcome to the Jungle
Verity
Autonomous indoor drones
- 101-200 employees
- B2B
- Logistics
- Robotics
- Drones
- Events
- Seebach, Zürich, ZH
Jump to section
Company mission
Verity's mission is to make robotics take flight.
30% employee growth in 12 months
Our take
While supply chain automation has been a major focus for investment in recent years, inventory management has been left behind, with the work of checking stock levels usually carried out manually. Verity AG aims to change this with a fleet of autonomous indoor drones that can be deployed to automatically check an entire warehouse's inventory, completely removing the need for expensive and error-prone manual processes.
As the only commerically viable product in this space, Verity currently faces very little competition. By removing the need for human operatives it is able to reduce the error rate to zero within 12 months and rapidly yields a return on its customers investment while also cutting carbon emissions considerably. The system is currently installed on over 30 sites with IKEA being the latest major company to deploy Verity's drones in their warehouses.
Verity has recently raised significant funding in a Series B round, which will be used by the company to scale its operations. Just in time too : there are a large number of companies on its waiting list, and with more than 150,000 warehouses worldwide still relying on manual inventory checks there is a huge market to grow into.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Flexibility of a hybrid work environment. You can arrange start and finish times around your life (picking up kids, walking the dog, training for your next marathon at lunch)
- Working with a skilled, high-achieving, experienced, fun, and growing team—with lots of opportunities to develop your professional career, take on further responsibilities, and grow with the company
- A great company culture, including flat hierarchies, an open-door policy, and a focus on joint responsibility and mutual trust and support
- 25 days of annual leave, employee stock ownership plan (conditions apply)
Company values
- Ambitious
- Inclusive
- Bold
- Authentic
- Reliable
Funding (1 round)
Jul 2023
$11m
SERIES B
Total funding: $11m
This company has top investors
Leadership
Raffaello D'Andrea
(CEO)Also co-founded ROBO Global and Kiva Systems (later aquired by Amazon). Is also the Professor of Dynamic Systems & Control at ETH Zürich.
Markus Hehn
(CTO)Prior to co-founding Verity was a Doctoral Candidate at ETH Zürich, researching control agorithms for aerial vehicles. Before that was a Hybrid Systems Project Student at Bosch and an Engineering Intern with Mercedes-Benz.
Markus Waibel
(COO)Was previously President of DIAS, Switzerland, and the co-founder of Robohub and The ROBOTS Association.