Verity Studios Raises $18M for Safe Swarming Drone Displays
Verity Studios, which took precision drone swarm technology from ETH Zurich and turned it into a spectacular live event display system, has announced a round of Series A funding totaling US $18 million from Fontinalis Partners, Airbus Ventures, Sony Innovation Fund, and Kitty Hawk. This is a lot of money for a company that most people may not know exists even if they view a Verity-powered drone show firsthand, but that's part of what makes Verity special: Everything they do is reliable, seamless, and safe, leading to experiences that have a truly mesmerizing effect. The reason we follow companies like Verity so closely, and the reason why we're happy when they get funded, is because they've managed to transition some fairly amazing robotics research into a successful business, which is a very difficult thing to do. The kinds of things that make Verity special come from over a decade of work at the Flying Machine Arena at ETH Zurich, led by Professor Raffaello D'Andrea, a lot of which we've covered in the past. For example, Verity's drones are fully redundant, able to recover from "a failed battery, a failed motor, a failed connector, a failed propeller, a failed sensor, or a failure of any other component ... through the duplication of critical components and the use of proprietary algorithms, which enable safe emergency responses to component failures."
Jun-11-2018, 20:25:03 GMT
- Country:
- Europe > Switzerland > Zürich > Zürich (0.46)
- Industry:
- Banking & Finance > Capital Markets (0.36)
- Technology:
- Information Technology > Artificial Intelligence > Robots > Autonomous Vehicles > Drones (1.00)