Veracity Industrial Networks Adds $1.5M In Funding

Aliso Viejo-based Veracity Industrial Networks, which develops secure industrial networking technology, has raised $1.5M in a Seed D funding, the company announced this morning. The funding came from Microsemi, Hollencrest Capital Management and Schweitzer Engineering Laboratories (SEL). Veracity, which is led by CEO Paul Myer, said the funding will go towards ramping its business, as well as for further development of its industrial cybersecurity products. Veracity's technology is used in such industrial networking as power plants and water treatment facilities. More information »