Salesforce Ventures-backed cloud startup Vlocity raises $50 million

Funding Rounds

▤ Summary

San Francisco-based Vlocity tailors its products to the industry-specific cloud, with a portfolio built entirely on the Salesforce Customer Success Platform. In some ways, Vlocity is an extension of Veevas industry-specific approach but with a broader selection of verticals. Vlocity now offers four industry applications on the Salesforce AppExchange focusing on communications, insurance, and public sector service management. "This latest investment further strengthens our unique strategic relationship with Salesforce and will help us accelerate the delivery of our industry cloud software by fueling the expansion of our service and support infrastructure for our customers around the world," said Vlocity CEO and founder David Schmaier. As for Salesforce Ventures, the investment arm of the CRM giant has previously backed the content marketing and engagement platform Livefyre, price-to-quote app maker SteelBrick, and predictive analytics player InsideSales.

$ Funding

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Amount - Total raised
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Date September 21, 2016 Announcement date
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Investors - Lead investors
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Company - Funded company

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