Monday, September 23, 2013

Veros Gets $8M, Adds Chevron Technology Ventures

Austin-based Veros Systems, the developer of industrial asset monitoring products, said Monday that it has raised $8M in its Series A funding round. The new funding came from Chevron Technology Ventures, and also included Austin Ventures and LiveOak Venture Partners. Veros is led by Jim Dechman, and helps provide industrial asset monitoring systems that help companies detect equipment failures in their industrial operations. Veros had announced $5M of the funding in July. More information »