Veros Systems Receives Investment from Shell Technology Ventures

veros systemsVeros Systems, an Austin, TX-based industrial asset monitoring company, received an investment from Shell Technology Ventures LLC.

The amount of the transaction was not disclosed.

Led by Jim Dechman, President and CEO, Veros offers Veros ForeSightâ„¢, an industrial asset monitoring system that provides a dashboard with real-time operating metrics and clear, early warnings, with zero false alarms.
The non-invasive, self-learning system interfaces at the motor control center or variable frequency drive enclosure, typically found top-side in off-shore and subsea applications. Proprietary software algorithms convert three phase voltage/current signals into real-time operating information, such as efficiency, shaft torque, mechanical load and power consumption.
Other investors in the company include Austin Ventures, Chevron Technology Ventures and LiveOak Venture Partners.

FinSMEs

02/07/2014

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