Operating CompanyUpstate New York

Verivend

Operating Company · Buffalo, NY

Verivend is a Buffalo, NY-based investment management software platform that enables general partners and limited partners to raise and deploy private capital seamlessly. Founded in 2019, the company has processed over $2 billion in transactions and was acquired by iAltA in May 2025.

Founded

Region

Upstate New York

Investors

People

About Upstate NY

Upstate New York seeded Silicon Valley more directly than most people realize: IBM started in Endicott, GE's research labs sat in Schenectady, and Kodak and Xerox built deep imaging and photonics expertise in Rochester — engineers and ideas from all three migrated west and helped build what came after. Cornell, RPI, the University of Rochester, and the SUNY system now anchor a semiconductor, photonics, and drone corridor that's a direct descendant of that older industrial-research base, not a recent transplant.

Region Stats

Total firms 51

VC / investors 14

Companies 31

Universities 6

Known For

Semiconductors

Photonics

Drones