• Latest
  • Trending
  • All
  • News
  • BUSINESS
  • SCIENCE
  • LIFESTYLE
  • TECH
Verity raises $32M as IKEA stores deploy its inventory drones

Verity raises $32M as IKEA stores deploy its inventory drones

March 15, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

FSD Pharma Announces Filing of Year-End 2022 Results – Business Wire

April 1, 2023
LIV golfers, pro-Ukraine invasion tennis players?

LIV golfers, pro-Ukraine invasion tennis players?

March 31, 2023
Lisa Ann Walter Reveals How Sheryl Lee Ralph Inspired Body Positivity

Lisa Ann Walter Reveals How Sheryl Lee Ralph Inspired Body Positivity

March 31, 2023
Ethics-Based Leadership Training: 5 Points

Ethics-Based Leadership Training: 5 Points

March 31, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Lincoln … – Business Wire

March 31, 2023
The 12 Best TV Shows Based on Video Games

The 12 Best TV Shows Based on Video Games

March 31, 2023
Flatbread Pizza | The Recipe Critic

Flatbread Pizza | The Recipe Critic

March 31, 2023
The Future of GA Treatment

Depression and Age-Related Macular Degeneration

March 31, 2023
Ulysses S. Grant’s Humble Midwestern Roots

Ulysses S. Grant’s Humble Midwestern Roots

March 31, 2023
Was the attack on a conservative Presbyterian school in Nashville a religion story? — GetReligion

Was the attack on a conservative Presbyterian school in Nashville a religion story? — GetReligion

March 31, 2023
Trump Towers, Shopping Mall in Istanbul 🇹🇷 [4K]

Trump Towers, Shopping Mall in Istanbul 🇹🇷 [4K]

March 31, 2023
Tesla Deliveries Are Coming. There Are 2 Key Numbers to Watch.

Tesla Deliveries Are Coming. There Are 2 Key Numbers to Watch.

March 31, 2023
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
No Result
View All Result
Home GADGET

Verity raises $32M as IKEA stores deploy its inventory drones

by Minnesota Digital News
March 15, 2023
in GADGET
0
Verity raises $32M as IKEA stores deploy its inventory drones
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


There’s no shortage of startups attempting to put drones to work. There is, however, a longstanding question around the efficacy of such plans. Drones — especially the smaller variety — are impressive pieces of technology, but their functionality is relatively limited. A small quadcopter probably isn’t going to prune your trees or walk your dog anytime soon.

One thing they can do exceptionally well, however, is imaging. Industries have been cropping up around this functionality in recent years, deploying drones for land management, forestry and industrial inspection, among others. There are also a number of firms, including names like Gather AI, IFM and Corvus, putting these devices to work as a method of tracking warehouse inventory.

It’s a business Verity has been in for a long time. The Zurich-based firm was founded way back in 2014, with the promise of an automated solution that can work around the clock tracking products — one of the most time- and resource-intensive tasks in a warehouse. This morning, the company announced a $32 million Series B. Led by A.P. Moller Holding and featuring Exor Ventures (among others), the round follows an $18 Series A raised back in 2018.

“The completion of our Series B funding round is an important nod to the value our system provides to clients, and it demonstrates investor confidence in our industry-leading solution and team,” said founder and CEO Raffaello D’Andrea. “We are especially pleased to welcome A.P. Moller Holding as a key investor in Verity, a global influencer committed to supporting companies that are delivering supply chain excellence and a positive impact on the environment.”

Prior to founding Verity, D’Andrea was notably a co-founder of Kiva Systems. That company was acquired back in 2012 and has since become the foundation of Amazon Robotics, with its mobile shelf-moving systems serving as the foundation of the retail giant’s automated arsenal.

Verity appears to have been cruising along just fine for the past five years. The company lists Samsung’s SDS unit and logistics firm DSV as clients. IKEA’s Swiss wing has also been implementing the technology since 2021. The furniture brand says it has 100 of Verity’s drones operating across 16 locations located in Belgium, Croatia, Slovakia, Germany, Italy, the Netherlands and Switzerland.

“We are investing in technology across the board so that our stores can better support customer fulfillment and become true centers for omnichannel retailing,” says Tolga Öncu of Dutch IKEA holding company INGKA. “Introducing drones and other advanced tools — such as, for example, robots for picking up goods — is a genuine win-win for everybody. It improves our co-workers’ well-being, lowers operational costs and allows us to become more affordable and convenient for our customers.”



Source link

Share196Tweet123Share49
Minnesota Digital News

Minnesota Digital News

Saint Paul
◉
36°
Rain
6:54 am7:38 pm CDT
Feels like: 27°F
Wind: 12mph NNE
Humidity: 92%
Pressure: 29.34"Hg
UV index: 0
SatSunMonTue
39/23°F
48/30°F
45/32°F
43/36°F
Weather forecast Saint Paul, Minnesota ▸
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

FSD Pharma Announces Filing of Year-End 2022 Results – Business Wire

by Minnesota Digital News
April 1, 2023
LIV golfers, pro-Ukraine invasion tennis players?
SPORTS

LIV golfers, pro-Ukraine invasion tennis players?

by Minnesota Digital News
March 31, 2023
Lisa Ann Walter Reveals How Sheryl Lee Ralph Inspired Body Positivity
CELEBRITY

Lisa Ann Walter Reveals How Sheryl Lee Ralph Inspired Body Positivity

by Minnesota Digital News
March 31, 2023
Ethics-Based Leadership Training: 5 Points
Education

Ethics-Based Leadership Training: 5 Points

by Minnesota Digital News
March 31, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

The Law Offices of Frank R. Cruz Announces Investigation of Lincoln … – Business Wire

by Minnesota Digital News
March 31, 2023
The 12 Best TV Shows Based on Video Games
FASHION

The 12 Best TV Shows Based on Video Games

by Minnesota Digital News
March 31, 2023
Flatbread Pizza | The Recipe Critic
FOOD

Flatbread Pizza | The Recipe Critic

by Minnesota Digital News
March 31, 2023
The Future of GA Treatment
HEALTH

Depression and Age-Related Macular Degeneration

by Minnesota Digital News
March 31, 2023
Ulysses S. Grant’s Humble Midwestern Roots
HISTORY

Ulysses S. Grant’s Humble Midwestern Roots

by Minnesota Digital News
March 31, 2023
Was the attack on a conservative Presbyterian school in Nashville a religion story? — GetReligion
Religion

Was the attack on a conservative Presbyterian school in Nashville a religion story? — GetReligion

by Minnesota Digital News
March 31, 2023
Trump Towers, Shopping Mall in Istanbul 🇹🇷 [4K]
Shopping

Trump Towers, Shopping Mall in Istanbul 🇹🇷 [4K]

by Minnesota Digital News
March 31, 2023
Tesla Deliveries Are Coming. There Are 2 Key Numbers to Watch.
BUSINESS

Tesla Deliveries Are Coming. There Are 2 Key Numbers to Watch.

by Minnesota Digital News
March 31, 2023
Daily Crunch: Citing data privacy concerns, Italy temporarily bans ChatGPT
TECH

Daily Crunch: Citing data privacy concerns, Italy temporarily bans ChatGPT

by Minnesota Digital News
March 31, 2023
Who Is Samantha Markle? – Hollywood Life
ENTERTAINMENT

Who Is Samantha Markle? – Hollywood Life

by Minnesota Digital News
March 31, 2023
Have a Beautiful Weekend. | Cup of Jo
LIFESTYLE

Have a Beautiful Weekend. | Cup of Jo

by Minnesota Digital News
March 31, 2023
New Proposed Tax Plan Seeks To Eliminate 1031 Exchanges
REAL ESTATE

New Proposed Tax Plan Seeks To Eliminate 1031 Exchanges

by Minnesota Digital News
March 31, 2023
Space Archeologists Are Charting Humanity’s Furthest Frontier
SCIENCE

Space Archeologists Are Charting Humanity’s Furthest Frontier

by Minnesota Digital News
March 31, 2023
Infinix Hot 30, Hot 30i, Hot 30i NFC, and Hot 30 Free Fire are now official
MOBILE

Infinix Hot 30, Hot 30i, Hot 30i NFC, and Hot 30 Free Fire are now official

by Minnesota Digital News
March 31, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

Firsthand Technology Value Fund Announces Fiscal Year Financial … – Business Wire

by Minnesota Digital News
March 31, 2023
Minnesota Digital News

Copyright © 2023 Minnesota Digital News

Navigate Site

  • Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer

Follow Us

No Result
View All Result
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds

Copyright © 2023 Minnesota Digital News