Verity - About the company
Verity is a series B company based in Zurich (Switzerland), founded in 2014 by Raffaello D Andrea. It operates as an AI-powered inventory tracking and management platform. Verity has raised $76.1M in funding from investors like Fontinalis Partners, A P Moller Holding and Verve Ventures. The company has 28 active competitors, including 10 funded and 1 that has exited. Its top competitors include companies like Corvus Robotics, Gather AI and Brightpick.
Company Details
AI-powered inventory tracking and management platform. It develops autonomous indoor drones. Its features include obstacle avoidance, autonomous navigation, error management, and inventory management. It caters to the logistics and warehousing industries.
- Website
- www.verity.net/
- Social
- Email ID
- *****@verity.net
- Phone Number
- +41 **********
- Registered Address
- Binzmühlestrasse 81, 8050 Zürich, CH
Key Metrics
Founded Year
2014
Location
Zurich, Switzerland
Stage
Series B
Total Funding
$76.1M in 4 rounds
Latest Funding Round
Investors
Ranked
1st among 28 active competitors
Employee Count
138 as on Jul 31, 2026
Similar Companies
Legal entities associated with Verity
Verity is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Verity Ag CIN: 1188071 , Switzerland, Active | May 31, 2023 | - | - | - |
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Verity's funding and investors
Verity has raised a total funding of $76.1M over 4 rounds. Its first funding round was on Jun 05, 2018. Its latest funding round was a Series B round on Jul 11, 2023 for $*****. 8 investors participated in its latest round. Verity has 12 institutional investors.
Here is the list of recent funding rounds of Verity:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 11, 2023 | 6807381 | Series B | 9678950 | 8405468 | 5558649 | 1538381 |
Mar 14, 2023 | 5697745 | Series B | 6846230 | 7127494 | 9629313 | |
Nov 30, 2020 | 4928677 | Series A | 6830570 | 9194678 |
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Verity's founders and board of directors
Founder? Claim ProfileThe founders of Verity is Raffaello D Andrea. Raffaello D Andrea is the CEO of Verity.
Here are the details of Verity's key team members:
- Raffaello D Andrea: Co-Founder & CEO of Verity and founder of 1 other company. They serve on the board of 1 company.
Verity's Board of Directors
Verity's board has 5 active members. Raffaello D Andrea and Markus Waibel are part of team and Michael Cordell Mountz, Chetan Mehta and Christopher Welles Cheever are independent board members.Here is the list of Verity's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | - | |
Team | - | Current | - | |
Independent board member | - | Current | - | |
jakdnxh | Independent board member | - | Current | 3y 1m |
ezzueek | Independent board member | - | Current | 7y 5m |
View details of Verity's Founder profiles and Board Members
Verity's employee count trend
Verity has 138 employees as of Jul 26. Here is Verity's employee count trend over the years:
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Verity's Competitors and alternates
Top competitors of Verity include Corvus Robotics, Gather AI and Brightpick. Here is the list of Top 10 competitors of Verity, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Verity 2014, Zurich (Switzerland), Series B | AI-powered inventory tracking and management platform | $76.1M | 62/100 | |
2nd | Corvus Robotics 2017, San Francisco (United States), Series A | Autonomous drone systems for warehouse inventory management and disinfection | $28.1M | 60/100 | |
3rd |  Gather AI 2017, Pittsburgh (United States), Series B | Provider of physical artificial intelligence for intralogistics, warehouse, and plant operations | $74M | 58/100 | |
4th |  Brightpick 2013, Austin (United States), Series B | Provider of warehouse automation solutions using artificial intelligence powered robots | $12M | 52/100 | |
5th | B GARAGE 2017, San Jose (United States), Series A | Provider of drone-based warehouse inventory solutions | $30M | 46/100 | |
6th |  Ware 2019, San Francisco (United States), Acquired | Provider of cloud and computer-visioned drones for warehouse automation | $2.5M | 40/100 | |
7th |  Clinspec Diagnostics 2016, Glasgow (United Kingdom), Early Stage | Developer of autonomous drone system for warehouse inventory management and orchestration | $7.12M | 39/100 | |
8th | Provider of warehousing and logistics solutions | - | 37/100 | ||
9th | _1539168761710.png?devicePixelRatio=2&height=30&width=30){kind=logo} UVL Robotics 2018, Moscow (Russia), Seed | Developer of web-based autonomous drones for logistics applications | $300K | 36/100 | |
10th | Infinium Robotics 2013, Singapore (Singapore), Seed | Provider of multi-utility drone solutions | $750K | 34/100 |
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Verity's Investments and acquisitions
Verity has made no investments or acquisitions yet.
Reports related to Verity
Here is the latest report on Verity's sector:
News related to Verity
Filter this listMedia has covered Verity for a total of 4 events in the last 1 year, 1 of them has been about partnerships.
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Verity & CIBO Partner on 45Z Compliance for Biofuel ProducersGlobeNewswire•Mar 17, 2026•Verity, CiBO Technologies
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Four Swiss Start-Ups Secure a Spot in EIC Accelerator FinancingStartupticker•Feb 26, 2026•Neutrality, DePoly, Verity, Pregnolia
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Verity Partners with MnSP for Soybean Supply Chain Traceabilityigrownews.com•Apr 04, 2025•Verity, Minnesota Soybean Processors
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Justin Owen takes on Chief Financial Officer role at autonomous inventory tracking firm VerityRetail Technology Innovation Hub•Mar 10, 2025•Verity
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Social media success stories: check out this week's coolest retail technology playsRetail Technology Innovation Hub•Feb 07, 2025•Currys, Microsoft, Perfect Corp, Verity and 18 others
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Retail technology innovation of the week: HMN brings experiential media to real world spaces at scaleRetail Technology Innovation Hub•Feb 07, 2025•Hologram, Proto Labs, Simon, Paramount and 28 others
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Sportswear brand On partners Verity and Maersk for RFID drone pilotRetail Insight Network•Feb 07, 2025•On, Verity, Maersk
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Verity, On, Maersk pilot RFID tech with drones in warehouse inventory managementRetail Technology Innovation Hub•Feb 06, 2025•Verity, Maersk
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