Veros Systems: Veros Systems adds to Series A round of funding; total now $11 million

Veros Systems Inc., the maker of asset monitoring software, has increased its Series A round of funding to $11 million. The West Lake Hills-based company previously announced the financing at $8 million in September 2013. Investors include Shell Technology Ventures LLC, Houston-based Chevron Technology Ventures, Austin Ventures LP and Austin-based LiveOak Venture Partners. Veros Systems, founded in College Station in 2001, develops software that monitors electric motors and driven assets to detect…