Vela Systems Raises $6M Series B for Expansion, Strategic Partnerships
Summary
Field teams work with Vela software on mobile devices like the iPad and Tablet-PCs to access construction documents and to complete QA/QC inspections, worklists, punchlists, commissioning, update the BIM model, and more.The GrandBanks Capital portfolio currently includes: Colubris Networks Inc., Coradiant Inc., Ember Corporation, Enpocket Inc., First Coverage Inc., GlassHouse Technologies, Inc., Incipient, Inc., OutStart, Inc., uLocate Communications, Inc, Vela Systems, Inc., and Vivox.### Burlington, MA, September 02, 2010 --( PR.com )-- Vela Systems, Inc., a provider of mobile field software for the architecture, engineering and construction (AEC) industry, today announced it has closed a $6 million Series B round of equity financing led by new investor Autodesk, Inc. (NASDAQ: ADSK).Field teams work with Vela software on mobile devices like the iPad and Tablet-PCs to access construction documents and to complete QA/QC inspections, worklists, punchlists, commissioning, update the BIM model, and more.This technology integration extends the BIM process to the job site by making it possible for Navisworks Manage models to reflect field-gathered data within the design.“We are very excited about the progress Vela has made capturing important information at the point-of-construction,” said Elliot Katzman, General Partner at Commonwealth Capital Ventures.