Shell Technology Ventures backs Veros Systems

Shell Technology Ventures has backed Veros Systems. Other investors in the business include Austin Ventures, Chevron Technology Ventures and LiveOak Venture Partners. Veros is an industrial asset monitoring company based in Austin, Texas.

Shell To Invest Several Hundred Million In Emerging Tech Companies

Shell said it will invest several hundred million dollars in emerging technology companies over six to eight years with the goal of finding innovations useful to the company’s operations. Target technologies include smarter exploration processes and enhanced extraction techniques. Shell’s corporate venturing arm, Shell Technology Ventures, will make investments.

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