Veros Systems
Latest round
- Series C
Last raised
- Jun 2020
Total raised
- $10M
Investors
- 4
About Veros Systems
Veros Systems, Inc.Veros Systems, Inc. was founded in 2001 in Austin, US, focusing on developing technologies for turbomachinery optimization. Jim Dechman, the CEO, has led the company through its strategic focus on digital transformation in industrial applications.Veros Systems offers comprehensive digital solutions designed to transform industrial assets into interconnected systems using Industrial Internet of Things (IIoT) technologies. Their product suite includes smart edge sensors and monitoring systems focused on turbomachinery applications, delivering real-time data analytics and operational enhancements to clients in the oil and gas sectors and industrial power generation markets.Veros Systems generates revenue through subscription models and direct sales of their advanced technology solutions, engaging clients with long-term contracts that incorporate remote monitoring and maintenance support for turbomachinery assets. Their pricing reflects the value from advanced analytics and operational efficiencies, featuring notable offerings like the Efficiency Optimizer.Veros Systems aims to expand its product line with new technologies designed to enhance operational capabilities, with specific release timelines yet to be detailed. The acquisition by Baker Hughes in May 2022 is expected to bolster their market presence and facilitate strategic growth initiatives.
Who invested in Veros Systems
4 investors across 3 rounds
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Questions about Veros Systems
Who invested in Veros Systems?
Veros Systems has 4 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Veros Systems raised?
Veros Systems has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Veros Systems last raise money?
Veros Systems's most recent round on record is a Series C, in Jun 2020.
What does Veros Systems do?
Veros Systems is a software company.
Where is Veros Systems headquartered?
Veros Systems is headquartered in Austin, US.
Which VCs invest in companies like Veros Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Veros Systems's stage. Their profiles are linked below.
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