Veros Systems Overview
- Year Founded
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2001
- Status
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Acquired/Merged
- Employees
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13
- Latest Deal Type
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M&A
Veros Systems General Information
Description
Developer of an industrial monitoring platform designed to monitor the reliability and energy efficiency of electrically powered rotating machines. The company's platform applies data capture techniques and machine learning algorithms to electrical waveform in industrial machines to continuously monitor rotating equipment health, gain real-time insights into operating performance and proactively predict failures, enabling industrial enterprises to deploy the technology on a standalone monitoring platform, in the cloud, or embedded within existing power distribution, metering and monitoring hardware to increase up-time, improve efficiency and optimize maintenance.
Contact Information
Website
www.verossystems.comCorporate Office
- 5910 Courtyard Drive
- Suite 150
- Austin, TX 78731
- United States
Corporate Office
- 5910 Courtyard Drive
- Suite 150
- Austin, TX 78731
- United States
Veros Systems Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Merger/Acquisition | 01-Dec-2021 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series C) | 11-Jun-2020 | Completed | Generating Revenue | |||
| 5. Debt - PPP | 08-Apr-2020 | Completed | Generating Revenue | |||
| 4. Later Stage VC (Series B3) | 13-Apr-2018 | Completed | Generating Revenue | |||
| 3. Later Stage VC (Series A1) | 02-Jul-2014 | Completed | Generating Revenue | |||
| 2. Later Stage VC | 12-Jun-2012 | $715K | $1.92M | Completed | Generating Revenue | |
| 1. Later Stage VC (Series A) | 20-Nov-2007 | $1.2M | $1.2M | Completed | Generating Revenue |
Veros Systems Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C4 | ||||||||
| Series C3 | ||||||||
| Series C2 | ||||||||
| Series C1 | ||||||||
| Series B | 85,350 | $0.001000 | $0 | $0 | 1x | $0 | 0.21% | |
| Series A | 157,894 | $0.001000 | $0 | $0 | 1x | $0 | 0.38% |
Veros Systems Comparisons
Industry
Financing
Details
Veros Systems Competitors (69)
One of Veros Systems’s 69 competitors is ITRS Group, a Private Equity-Backed company based in London, United Kingdom.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ITRS Group | Private Equity-Backed | London, United Kingdom | ||||
| ScienceLogic | Venture Capital-Backed | Reston, VA | ||||
| Chef Software | Formerly VC-backed | Seattle, WA | ||||
| Phoenix Energy Technologies | Venture Capital-Backed | Irvine, CA | ||||
| SAS Institute | Failed Transaction (M&A) | Cary, NC |
Veros Systems Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Veros Systems Patents
Veros Systems Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-11901853-B1 | Technology for sensorless detection of reverse rotation and speed estimation for electric machines | Active | 12-Apr-2017 |
Veros Systems Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Veros Systems Former Investors (8)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| Austin Ventures | Venture Capital | Minority | ||
| Chevron Technology Ventures | Corporate Venture Capital | Minority | ||
| Houston Technology Center | Accelerator/Incubator | Minority | ||
| Kenda Capital | Growth/Expansion | Minority |
Veros Systems FAQs
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When was Veros Systems founded?
Veros Systems was founded in 2001.
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Where is Veros Systems headquartered?
Veros Systems is headquartered in Austin, TX.
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What is the size of Veros Systems?
Veros Systems has 13 total employees.
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What industry is Veros Systems in?
Veros Systems’s primary industry is Business/Productivity Software.
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Is Veros Systems a private or public company?
Veros Systems is a Private company.
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What is Veros Systems’s current revenue?
The current revenue for Veros Systems is .
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How much funding has Veros Systems raised over time?
Veros Systems has raised $18.1M.
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Who are Veros Systems’s investors?
, Austin Ventures, Chevron Technology Ventures, Houston Technology Center, and Kenda Capital are 5 of 8 investors who have invested in Veros Systems.
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Who are Veros Systems’s competitors?
ITRS Group, ScienceLogic, Chef Software, Phoenix Energy Technologies, and SAS Institute are some of the 69 competitors of Veros Systems.
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When was Veros Systems acquired?
Veros Systems was acquired on 01-Dec-2021.
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Who acquired Veros Systems?
Veros Systems was acquired by Baker Hughes.
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