About Us

Tommy Knight and Alex Parlos founded Veros Systems in College Station, Texas. In 2006, Veros secured an exclusive worldwide license from Texas A&M University to commercialize technology developed by Dr. Parlos. Soon, Veros began product development and testing for different industrial applications. In 2013, Veros received venture-capital funding from Austin Ventures, Live Oak Venture Partners, and Chevron Technology Ventures. This investment came on the heels of a multi-year, multi-site technical evaluation at Chevron. Shell Technology Ventures joined the existing investors in a follow-on funding in 2014.

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Management
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Tommy Knight – Co-founder and Chairman

Progressed over 32 years from design engineer to President & CEO of Brown & Root, Inc., a Halliburton Company.  B.S. and M.S. degrees in Civil Engineering from Texas A&M.  Registered Professional Engineer in the State of Texas.

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Jim Dechman – President and CEO

Over 20 years of experience with Procter & Gamble, the Boston Consulting Group, and Monitoring Technology, a successful venture-backed startup in the industrial monitoring sector. B.S. in Mechanical Engineering from the University of Texas and a MBA from Harvard.

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Dr. Alex Parlos – Co-founder and CTO

Mechanical Engineering faculty at Texas A&M. B.S. degree from Texas A&M, M.S. and Sc.D. from the Massachusetts Institute of Technology. Founder of the Networked and Intelligent Machines Laboratory (NIML) at Texas A&M. Fellow of the ASME, Senior Member of IEEE & Registered Professional Engineer in the State of Texas.

Investors
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Austin Ventures

30 years of investments with $3.9 billion of capital raised. Most active venture capital firm in Texas and one of the most established in the nation.

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Chevron Technology Ventures

Helps Chevron embrace emerging technologies to create new commercial opportunities, reduce costs and improve performance.

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LiveOak Venture Partners

Based in Austin, Texas, early-stage venture capital firm that partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo.

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Shell Technology Ventures

Shell Technology Ventures (“STV”) invests in technology companies to enhance the development of new technologies that have the potential to create substantial deployment value in Shell.

Testimonials


“Veros Foresight can identify problems before they pose catastrophic threats. In one case, we trusted Foresight’s indicators that all was well, despite repeated warnings from monthly vibration checks. Using real-time information from Foresight, we reallocated our compression loads among multiple machines in each of two stages. As a result the “questionable” machine was running well 18 months later. This resulted in savings of over $100,000 by avoiding unnecessary repairs.”

John Warne, EOR Facilities, Chaparral Energy


“Since the installation of the Veros System, I have had instant access to a host of motor performance issues. This system has given us a hands off approach and everything we would need to evaluate issues within the driving equipment such as overloading,  voltage imbalance and vibration to name a few. Before we had this system, we would have to physically gather all this data which is very intrusive and unsafe while in service (Not a good option). There were times when we would have to take the equipment out of service to perform testing and determine where and what the problems were and the uncertainty as to where the actual problem resides i.e. motor, pump or fan. With the Veros System we have 7-24 continuous monitoring capabilities, it will indicate whether the problem lies in the driving or driven equipment,  we can plan and schedule ahead for equipment outages and have all we need staged and available to repair or replace equipment if needed and return the equipment back to operations in the shortest amount of time. This system has allowed us to plug some of the holes that are inherit in all PdM programs.”

Homer Calvin, Electrical Maintenance Leader, NRG Energy