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Veros Systems allows enterprises to gain real-time insights into machinery operating performance and proactively predict equipment failure.
Veros uses electrical data, alone, to monitor the health and performance of industrial machinery. It 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 optimise maintenance. In June 2020, the company 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.
Legal Name
:
Veros Systems, Inc.
Headquarters
:
Austin, Texas, United States of America
Founding Date
:
2001
No. of Employees
:
11 to 20
Core Team
:
1.
Jim Dechman
CEO & President
2.
Alexander Parlos
Co-Founder & CTO
3.
Tommy Knight
Co-Founder & Chairman
Total Funding
$22.7M
Investors
:
1.
Chevron Technology Ventures
2.
Kenda Capital
3.
Shell Ventures
4.
LiveOak Venture Partners
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