Veros Systems Receives $3M Investment

Funding Rounds

Summary

The companys flagship product, Veros ForeSight, is the only industrial asset monitoring system that provides a dashboard with real-time operating metrics and clear, early warnings about impending equipment failures, with zero false alarms. Since ForeSight continuously monitors 300+ metrics about asset risk and performance, it can immediately see slight variations, accurately detect faults, predict failures, and provide alerts months in advance, early enough to plan and take action. This results in less unplanned downtime, reduced exposure to safety and environmental incidents, and improved efficiency, while minimizing spare parts cost and time spent on maintenance. The companys flagship product, Veros ForeSight, provides a dashboard with real-time operating metrics and clear, early warnings about impending equipment failures, with zero false alarms. Engineering and maintenance managers rely on Veros ForeSight to quickly and easily know how their equipment is operating, identify poorly performing assets and be alerted to problems months in advance, so they can plan and take action.

$ Funding

$
Amount $8.0M Total raised
Date September 23, 2013 Announcement date
Investors LiveOak Venture Partners, Chevron, Austin Ventures Lead investors
Company http://www.verossystems.com Funded company

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AI & Machine learning

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Linked Companies

Veros Systems
$1M to $5M