Salesforce Ventures-backed Cloud Company Vlocity Raises $50 million

Salesforce Ventures-backed Vlocity Raises $50 Million

Industry cloud company Vlocity has raised $50 million in funding led by Salesforce Ventures and Sutter Hill Ventures.

Vlocity tailors its products to the industry-specific cloud, with a portfolio built entirely on the Salesforce Customer Success Platform.

By Natalie Gagliordi for Between the Lines, ZDNet

San Francisco-based Vlocity tailors its products to the industry-specific cloud, with a portfolio built entirely on the Salesforce Customer Success Platform.

The company was founded in early 2014 by veterans of Veeva Systems, a cloud spinout of the Salesforce platform company Verticals On Demand. Veeva went public in 2013 with a valuation of about $5 billion. In some ways, Vlocity is an extension of Veeva's industry-specific approach but with a broader selection of verticals.