Vlocity Raises $60M Series C
Cloud software company Vlocity has announced a $60m Series C round led by Sutter Hill Ventures and Salesforce Ventures, with participation from new investor Bessemer Venture Partners and existing strategic investors Accenture and New York Life.
Vlocity customers include leaders and emerging players in five specific industries: Communications and Media; Insurance and Financial Services; Health; Energy and Utilities; and Government and Non-Profit. And it now has more than 700 employees in 20 countries around the world who are all rooted in Vlocity’s seven Core Values including “Customers First” and “People are the Core”.
“I am delighted by the incredible success and transformation that our customers realize when they adopt our modern industry cloud and mobile applications. Their operational and financial benefits are exceeding expectations, proving that the best customer experiences are industry-specific and that the industry cloud enables unprecedented business agility and faster time to value. This latest investment will enable us to accelerate delivery of Vlocity’s industry cloud software by fueling the expansion of our product development, customer success and support infrastructure for our customers around the world.” – Vlocity Founder and CEO David Schmaier.
Feedback from a user: “I will appear much more knowledgeable about the customer.”