Microsemi Invests In Veracity

Aliso Viejo-based semiconductor developer Microsemi has made an investment in San Juan Capistrano-based Veracity, a developer of industrial, network security software, as part of a collaboration in the Internet-of-Things (IoT) market. Financial details of the investment were not announced. Microsemi said that Veracity will use its minority investment to fund its product development efforts. Veracity is led by Paul Myer, and says the two companies will make a joint solution for the industrial Ethernet market available in the second half of 2016. A recent regulatory filing indicates Veracity recently raised around $3.0M in a funding. More information »