Venture Capital
AUSTIN, Texas, June 11, 2020 /PRNewswire/ -- 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. Veros uses electrical data, alone, to monitor the health and performance of industrial machinery. Veros will use Series C capital to expand its installed base and capabilities for Cloud computing. "Veros is working to allow industrial motors to talk," says Jim Dechman, Veros president & CEO.

In this article