Armada Announces $131M Strategic Funding Round
Armada, the hyperscaler for the edge, today announced a $131 million strategic funding round with new strategic investors including Pinegrove, Veriten, and Glade Brook as well as participation from existing investors including Founders Fund, Lux Capital, Shield Capital, 8090 Industries, M12 (Microsoft’s Venture Fund), Overmatch, Silent Ventures, Felicis, and Marlinspike.
Chart Industries and Flowserve Corporation to Combine in All-Stock Merger of Equals
Veriten Serves as Independent Strategic Advisor to Flowserve ATLANTA & DALLAS — Chart Industries, Inc. (NYSE: GTLS) and Flowserve Corporation (NYSE: FLS) today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have […]
Veerum Raises $12M Series B Round
VEERUM, a global leader in visual operations for industrial assets, announced today that it has successfully closed its Series B funding round, raising a total of $12 million CAD. The round closed on March 26, 2025 and was led by energy-tech investors Veriten and Emerson Ventures, the corporate venture capital arm of industrial technology leader […]
Rob West Joins Veriten as Senior Advisor
We are pleased to announce that Rob West, Founder of Thunder Said Energy, has joined Veriten’s Strategic Advisory Board as a Senior Advisor. Rob brings deep expertise across global energy markets, disruptive technologies, and decarbonization strategies. Through Thunder Said Energy, Rob publishes independent, data-driven research and models focused on the future of energy; across hydrocarbon […]
Veriten Welcomes John Sommers as Partner, Investments, to Drive Expansion of NexTen Fund and Investment Platform
Veriten is thrilled to welcome John Sommers to Veriten as Partner, Investments, to spearhead our investing activities in the NexTen Fund and develop a broader, strategically focused investment platform. John brings extensive experience in identifying and capitalizing on blue-chip investment opportunities within the energy sector. Most recently, he served as Principal at Cockrell Investments, a […]
Orennia Completes Series C Funding
Orennia Inc. today announced the closing of its Series C growth financing, led by Decarbonization Partners, a partnership between BlackRock and Temasek, with participation from existing investors.
ElectraMet Secures $10M In Series C Funding To Accelerate Growth And Innovation
Lexington, KY — ElectraMet, a circular economy company focused on removing and recovering metal and oxidant impurities from process and wastewater streams, today announced the successful close of its Series C funding round, raising $10 million. The round was led by Veriten’s NexTen fund, with participation from existing investors including HG Ventures and the Kentucky […]
Veriten Celebrates 3-Year Anniversary
Today, January 10th, marks the third anniversary of Veriten. At its inception in January 2022, Veriten started with seven people who believed we could build a new company focused on something that seemed in short supply, “truth in energy.” With the addition of Dr. Kester, we are a 26-person team and are as enthusiastic as […]
Dr. Robert Kester Joins Veriten
We are delighted to announce that Dr. Robert Kester has joined Veriten as Partner, Technology & Innovation. Robert most recently served as the Chief Technology Officer for Emissions Solutions within Honeywell Process Solutions (HPS) and was with Honeywell for 5 years before leaving to join Veriten. Previously, Robert was the CEO and Co-Founder of Rebellion […]
Coterra Announces Accretive Permian Basin Acquisitions
Veriten Serves as Independent Advisor to Coterra HOUSTON–(BUSINESS WIRE)– Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced it has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash […]