Veros Systems announced Monday that it has received $8 million in Series A venture financing.
Chevron Technology Ventures led the deal with additional investment from Austin Ventures and LiveOak Venture Partners.
Veros, which makes control center software called Veros ForeSight that monitors industrial operations, has been testing its software system for several years at multiple Chevron sites.
The company is also presenting at the Chevron-Oiltech Investment Network today in Houston.
Veros, based in Austin, received $1.5 million last year from the Texas Emerging Technology Fund.
Tommy Knight and Alex Parlos founded Veros System in College States and licensed the rights to commercial the technology from Texas A&M University.
Tag: Emerging Technology Fund
Admittance Technologies has received $1.99 million investment from the Texas Emerging Technology Fund.
The San Antonio-based company created the CardioVol technology platform to measure blood volume measurement using pacemaker to detect disease and treat patients with the devices.
“We are thankful for the investment from the ETF and the expertise that Startech provided during the process,” Dr. Marc Feldman, Founder and CEO of Admittance Technologies, said in a news release.
Dr. Feldman is a Professor of Medicine & Engineering at UT Health Science Center at San Antonio as well as the co-winner of the 2010 Chancellor’s Entrepreneurship Award for the University of Texas system.
Funding from the Texas Emerging Technology Fund allows researchers at the University of Texas Health Science Center at San Antonio to take “their ideas from concept to commercialization,” said David Weiss, vice president for research at the university.
