Cofounder and President, Generate Capital
Raffaello D'Andrea helped usher the age of automation into warehouses with Kiva Systems, the robotics firm he started with cofounder Mick Mountz that Amazon purchased in 2012 for $777 million. And he’s hoping to do it again with his new autonomous-drone company Verity Studios, which he founded in 2014.
Verity has largely focused on live entertainment so far, working with top artists like Metallica, Celine Dion, and Drake, for example, to create indoor drone shows for their recent tours.
But D’Andrea has his sights on factories. Verity’s autonomous drones could give executives deeper insight into the daily operations at large warehouses where goods are stored or products are manufactured.
Verity is running pilot programs with several large retailers and logistics companies. The technology could alleviate the need for employees to scale 50-foot stacks of pallets to inspect those at the top, for example, as the robots worked alongside humans.
"Information is key to enabling all of these things to happen, and that is what we're creating,” he tells Business Insider. “We've been really focusing on bringing to market an industrial solution that will allow you to sense anything they want anywhere, at any time, at any place.”
To date Verity has received $24 million in funding and has a total valuation of $59 million, according to PitchBook.