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Industrial AI Company, Veros Systems, Closes Series C Funding

Jun 11, 2020•about 5 years ago

Round Type

series c

Austin

Description

Veros Systems ("Veros"), a leading industrial artificial intelligence company, today announced the close of a $2.2M Series C financing.  Shell Ventures led the round that included existing venture capital investors Austin Ventures, Chevron Technology Ventures, and LiveOak Venture Partners.

Company Information

Company

Veros Systems

Location

Austin, Texas, United States

About

Veros Systems applies innovative data capture techniques and machine learning algorithms to electrical waveforms in industrial machines to continuously monitor rotating equipment health, gain real-time insights into operating performance and proactively predict failures. Enterprises implement Veros technology on a standalone monitoring platform, in the Cloud, or embedded within existing power distribution, metering and monitoring hardware to increase uptime, improve efficiency and optimize maintenance. For more information, visit www.verossystems.com.