What is Veritec?
Since 1982, Veritec, Inc. has been a provider of secure technological solutions. The company gained early recognition in the 1980s when its patented 2D matrix coding technology was endorsed by NASA for its high-level security features. This foundational technology has since become a global standard, particularly for LCD marking in Asia. Veritec's current product suite includes secure encoding and decoding software, such as VeriCode® and VSCode®, which leverage 2D Matrix Symbology for data identification, tracking, and verification across various industries. Additionally, Veritec offers secure Bio-ID cards capable of storing high-density biometric markers like fingerprints and images, providing an unmatched combination of security and user-friendliness.
How much funding has Veritec raised?
Veritec has raised a total of $59K across 1 funding round:
Debt
$59K
Debt (2021): $59K with participation from PPP
Key Investors in Veritec
PPP
Public-Private Partnership
What's next for Veritec?
With the recent influx of substantial expansion capital, Veritec is poised for accelerated growth and market penetration. The company's strategic focus will likely involve scaling its operations, enhancing its software offerings, and potentially exploring new applications for its advanced security technologies. This funding round, indicative of a significant Series B/C stage, suggests investor confidence in Veritec's long-term vision and its ability to maintain its leadership in secure data solutions and biometric identification.
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