# Veracity Industrial Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veracity-industrial-networks

- Industry: IT Security/Cybersecurity
- Headquarters: Aliso Viejo, US
- Website: www.veracity.io
- Latest round: Seed (Jun 30, 2020)
- Investors on record: 4

## About

Veracity Industrial Networks provides advanced network management solutions tailored for operational technology environments, enhancing cybersecurity and operational efficiency through their innovative platform.Founded in 2014 in Aliso Viejo, US, Veracity Industrial Networks specializes in network management solutions for operational technology. The company has raised a total of USD 1.50 mn, with the latest funding round being a Seed round on June 30, 2020, led by Microsemi Corporation with participation from other investors including Hollencrest and Schweitzer Engineering Laboratories, Inc. The firm has completed three deals to date under the leadership of CEO Jim Crowley.Veracity Industrial Networks specializes in providing advanced network management solutions optimized for operational technology (OT) environments through their core product, the Veracity OT Network Management Platform. This comprehensive offering integrates hardware and software components, including the OT-SDN technology, ensuring secure and efficient management of network endpoints from legacy devices to modern IoT systems. The platform addresses critical challenges in industrial automation by enhancing security and resiliency against cyber threats. Their clientele spans various sectors including discrete manufacturing, energy, water, wastewater management, and food processing across North America, Europe, and Asia-Pacific markets.Veracity Industrial Networks operates on a subscription-based revenue model, where clients engage in long-term contracts for access to the Veracity OT Network Management Platform and related services. These agreements, typically structured as B2B relationships, often include multi-year commitments that cover ongoing support, software updates, and additional features as they become available. Pricing plans are tailored to meet the diverse needs of their industrial clients and reflect the comprehensive functionalities of their flagship product, emphasizing zero-trust security and micro-segmentation for improved operational resilience.Looking ahead, Veracity Industrial Networks plans to expand its product offerings and market reach. The company is currently designing new features for the Veracity OT Network Management Platform, with anticipated launches aimed at enhancing operational capabilities. Specific target markets for expansion include deeper penetrations into the European and Asia-Pacific regions, with initiatives expected to roll out within the next two years. The recent Seed funding will support these strategic initiatives, particularly in product development and market entry efforts, following their latest funding round on June 30, 2020.

## Funding rounds

- Seed, Jun 30, 2020 — Schweitzer Engineering Laboratories, Inc., Option3 Ventures, The Harbor Group, Inc., DYNICS, Inc.

## Investors

- Schweitzer Engineering Laboratories, Inc. — Seed
- Option3 Ventures (https://capitalatlas.ai/funds/option3-ventures) — Seed
- The Harbor Group, Inc. — Seed
- DYNICS, Inc. — Seed