September 23rd, 2013: "Veros Systems, which sells a monitoring system for industrial equipment, has raised $8 million from backers including the investment arm of energy giant Chevron. Veros, which commercialized technology from Texas A&M University, moved its headquarters from College Station to Austin this year. In addition to Chevron Technology Ventures, which is based in Houston, investors were Austin Ventures and LiveOak Venture Partners. The company was founded by Tommy Knight, former CEO of Halliburton subsidiary Brown & Root Inc., and Alexander Parlos, who serves on the mechanical engineering faculty at Texas A&M. In 2006, Veros secured a license from the Texas A&M University System to commercialize technology developed by Parlos.Veros previously received a $1.5 million investment from the state-run Texas Emerging Technology Fund."