/Companies

VeriTX

Techstars '20

Buffalo, US · Founded 2019 · Delaware corporation · 8 employees on LinkedIn · 2 known investors

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VERTIX Co. sources and supplies high-quality raw materials and machinery for the foundry and steel-making industries, serving clients in automotive, construction, aerospace, and heavy machinery sectors. The company operates a global supply chain with presence in China, Russia, Brazil, South Africa, India, and European countries, offering consultancy support and after-sales services.

Also known as VeriTX Corp. · VERTIX Co.

Founders & leadership

LRLegrand Richard Groves
Legrand Richard GrovesChief Investment OfficerLegrand Richard Groves is an executive officer and director at VeriTX, which provides blockchain-based supply chain applications, consulting, and implementation services including compliance review and data verification support.
JR
James RegenorNamed on SEC filing

Investors · 2

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · funding news · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$3.3M disclosed across 3 rounds · 2019–2021

▶$3.1MraisedDec 2021 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • James RegenorExecutive Officer, Director
  • Legrand Richard GrovesExecutive Officer, Director
Offering amount
$5M
Amount sold
$3.1M
First sale
Dec 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$50KraisedFeb 2021 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Legrand Richard GrovesExecutive Officer, Director
  • James RegenorExecutive Officer, Director
Offering amount
$2.3M
Amount sold
$50K
Minimum investment
$15K
First sale
Jan 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$200KraisedOct 2019 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Legrand Richard GrovesExecutive Officer, Director
  • James RegenorExecutive Officer, Director
Offering amount
$3M
Amount sold
$200K
Minimum investment
$50K
First sale
Sep 2019
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Sep 2026

VeriTX Corp. is a veteran-owned blockchain and cybersecurity firm based in East Aurora, New York, that develops tamper-evident data and supply-chain infrastructure originally created for the U.S. Air Force under SBIR, STTR, and Defense Production Act programs. Its flagship product, QuDEFENSE, is a data assurance platform providing real-time file transfer and file monitoring for data at rest and in motion, built for the U.S. Air Force and subsequently deployed commercially.

The company positions itself as a trusted marketplace for digital assets using a platform-based business model intended to support aerospace digital supply chains associated with Industry 4.0. By combining 3D printing with blockchain-based provenance, VeriTX aims to move production beyond a single factory into a distributed network, shifting the conversion of digital designs into physical parts to the point of consumption and reducing non-value-added supply chain costs such as packaging, shipping, and warehousing.

The domain vertix.co is also associated with VERTIX Co., a supplier of raw materials and industrial machinery for the metallurgical and foundry industries. That operation supplies coke, graphite, graphite electrodes and electrode pastes, ferroalloys including ferromanganese, ferrochrome, ferrovanadium and ferrotungsten, cast iron ingots, refractory materials, and metals such as cobalt and nickel, alongside foundry machines, machine tools, and plastic processing machines.

Business model

The company describes a platform-based business model intended to operate a trusted marketplace for digital assets serving aerospace digital supply chains, alongside commercial deployment of its QuDEFENSE data security software, which is offered as an API, an Outlook plugin, or a standalone web interface. The associated VERTIX Co. materials business sells raw materials, intermediate consumable products, and industrial machinery, with technical expertise, logistics, and after-sales support.

Traction

The company reports that QuDEFENSE was built for the U.S. Air Force and is now deployed commercially, and that its underlying technology was developed under SBIR, STTR, and Defense Production Act programs. The Techstars listing records a headcount of 1-10 employees and no open roles.

▸Full profile — market position, technology, go-to-market, geography

Market position

VeriTX is listed as a Techstars portfolio company, categorized under commerce and shopping, import and export, with 1-10 employees. The raw materials business describes itself as a supplier to metallurgical and foundry industries and an exporter of steel and industrial products to more than 20 countries.

Technology

QuDEFENSE uses patented technology incorporating optional post-quantum cryptography and blockchain applications to protect customer data. The platform detects manipulation of data and notifies users in real time when data has been changed, quarantining affected data to prevent its use, and maintains an immutable audit trail to support provenance and transaction transparency. It can be integrated through an API, an Outlook plugin, or a standalone web interface. The broader VeriTX concept combines 3D printing with blockchain provenance to enable distributed production.

Go-to-market

QuDEFENSE was developed for the U.S. Air Force under government research and production programs and is now offered commercially, with three integration paths—API, Outlook plugin, and standalone web interface—to fit into existing workflows. The materials operation relies on partnerships with steel producers and foundries and on shipping and logistics relationships for international trade.

Defense and government customers, beginning with the U.S. Air Force, and commercial organizations requiring data assurance and provenance, particularly in aerospace and additive manufacturing supply chains. The associated materials business serves steel mills and foundries and customers in construction, automotive, heavy machinery, and aerospace manufacturing.

Geography

Listed locations include Buffalo, New York; East Aurora, New York; Dubai, United Arab Emirates; and the United States. The associated raw materials operation exports to over 20 countries, including South Korea, Saudi Arabia, the UAE, Oman, Belgium, the Netherlands, the Czech Republic, Ukraine, Turkey, and Iraq, and sources steel products from Iranian mills including Foolad Hormozgan, Esfahan Steel Company, and Alloy Steel Iran.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJan 20241-10
Export destination countriesJan 202520
HeadcountAug 20268

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Legal entities · 1

corporate structure
VeriTXDelaware

▸Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does VeriTX do?
VeriTX builds blockchain and post-quantum data-assurance software for aerospace and defense supply chains.
Who are VeriTX's investors?
VeriTX's investors include Techstars, Veteran Ventures Capital.
How much funding has VeriTX raised?
VeriTX has disclosed $3.3M raised across 3 rounds.
Where is VeriTX headquartered?
VeriTX is headquartered in Buffalo, US.