About VeriTX
VeriTX is a company based in East Aurora (United States) founded in 2019 by James Regenor and Legrand Richard Groves.. VeriTX has raised $4.55 million across 4 funding rounds from investors including Techstars, Veteran Ventures Capital and Stony Lonesome Group. VeriTX offers products and services including QuDEFENSE and Cryptographic Agents. VeriTX operates in a competitive market with competitors including CDW Corporation, ITsavvy, Zones, Ingram Micro and Insight, among others.
- Headquarter East Aurora, United States
- Founders James Regenor, Legrand Richard Groves
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Veritx Corp
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$4.55 M (USD)
in 4 rounds
-
Latest Funding Round
$4.5 M (USD), Series A
Dec 27, 2021
-
Investors
Techstars
& 2 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of VeriTX
VeriTX offers a comprehensive portfolio of products and services, including QuDEFENSE and Cryptographic Agents. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time file transfer and monitoring to ensure data integrity.
Tools that protect data from manipulation using blockchain methods.
Funding Insights of VeriTX
VeriTX has successfully raised a total of $4.55M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $4.5M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - VeriTX | Valuation | Veteran Ventures Capital , Stony Lonesome Group |
|
| Jan, 2021 | Amount | Seed - VeriTX | Valuation |
investors |
|
| Jan, 2021 | Amount | Debt – Conventional - VeriTX | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VeriTX
VeriTX has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Techstars, Veteran Ventures Capital and Stony Lonesome Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Veteran-led national security tech firms are supported through investments.
|
Founded Year | Domain | Location | |
|
Investments are made in early-stage US tech and offline firms.
|
Founded Year | Domain | Location | |
|
Startups are accelerated globally without sector restrictions through structured programs.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by VeriTX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - VeriTX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veritx Comparisons
Competitors of VeriTX
VeriTX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CDW Corporation, ITsavvy, Zones, Ingram Micro and Insight, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of IT service suite solutions
|
|
| domain | founded_year | HQ Location |
A suite of IT services is provided to clients.
|
|
| domain | founded_year | HQ Location |
IT hardware, software, and services are provided by Zones.
|
|
| domain | founded_year | HQ Location |
Software and hardware products are resold alongside business intelligence services.
|
|
| domain | founded_year | HQ Location |
Hardware, software, cloud solutions, and IT services are provided globally.
|
|
| domain | founded_year | HQ Location |
Nero is recognized for developing multimedia and AI software solutions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about VeriTX
When was VeriTX founded?
VeriTX was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is VeriTX located?
VeriTX is headquartered in East Aurora, United States. It is registered at East Aurora, New York, United States.
Who is the current CEO of VeriTX?
James Regenor is the current CEO of VeriTX. They have also founded this company.
Is VeriTX a funded company?
VeriTX is a funded company, having raised a total of $4.55M across 4 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Jan 24, 2020.
What does VeriTX do?
VeriTX was founded in 2019 and is based in East Aurora, United States. Operations focus on the supply of IT hardware and software products within the technology sector. Distribution and procurement services are provided to clients across various industries. Leadership is held by co-founders James Regenor as CEO and Legrand Richard Groves. The company maintains a domain at veritx.com for its online presence.
Who are the top competitors of VeriTX?
VeriTX's top competitors include CDW Corporation, ITsavvy and Insight.
What products or services does VeriTX offer?
VeriTX offers QuDEFENSE and Cryptographic Agents.
Who are VeriTX's investors?
VeriTX has 3 investors. Key investors include Techstars, Veteran Ventures Capital, and Stony Lonesome Group.