# Veracity Technology Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veracity-technology-solutions

- Industry: Software
- Headquarters: Pensacola, US
- Website: www.veracityts.com
- Latest round: Seed (Jun 1, 2006)
- Investors on record: 1

## About

Veracity Technology Solutions provides specialized custom nondestructive inspection (NDI) solutions for military, aerospace, and power generation sectors, ensuring asset integrity and operational safety.Veracity Technology Solutions specializes in nondestructive inspection solutions. The company was founded by Gary Hensley and Jack Bloomfield and is headquartered in Pensacola, US. In 2006, it raised Seed funding from Acorn Growth Companies, making it the investment target with a total of 1 deal to date.Veracity Technology Solutions specializes in custom nondestructive inspection (NDI) solutions tailored for military, aerospace, and power generation sectors. The company’s core service offerings include Power Generation Inspections, End of Life (EOL) and Lifetime Extension (LTE) Inspections, Industrial NDT Inspections, and Aerospace Inspections. These services employ advanced proprietary technologies and methodologies to assess the integrity and lifespan of critical components, thereby mitigating the risk of asset failure. Veracity serves a diverse clientele, including military organizations and companies within the aerospace and power generation industries, focusing on preventing operational disruptions and ensuring safety. The company operates mainly in the United States, providing its inspection services to customers across various states, with a strong emphasis on sectors where high-value assets are at stake.Veracity Technology Solutions generates revenue through service contracts that are structured as B2B transactions, primarily involving direct engagements with clients in its target sectors. These contracts encompass various inspection services which are performed on-site or at designated facilities. The company charges clients based on the scope and complexity of the required inspections, which may include fixed-price arrangements or variable pricing dependent on the specific services rendered. The firm’s offerings are designed to meet stringent industry standards, ensuring that clients receive high-quality service tailored to their operational needs. This revenue model is supported by the company's established reputation and expertise in nondestructive testing, attracting repeat business and long-term partnerships within its client base.Veracity Technology Solutions is strategically focused on expanding its product offerings and geographic footprint. It is currently developing new inspection technologies aimed at enhancing its service capabilities, with potential launches planned over the next few years. The company aims to penetrate international markets, particularly in Europe and Asia, with expansion efforts targeted for 2024. The recent Seed funding raised in 2006 will be utilized to support these initiatives, bolstering research and development as well as market entry strategies.

## Funding rounds

- Seed, Jun 1, 2006 — Acorn Capital Management

## Investors

- Acorn Capital Management (https://capitalatlas.ai/funds/acorn-capital-management) — Seed