Summary of article by Pitchbook News & Analysis
Cloud software developer Vlocity has completed a $60 million Series C led by Sutter Hill Ventures and Salesforce Ventures, with TechCrunch reporting a valuation of $1 billion.
Bessemer Venture Partners, Accenture and New York Life also participated in the round for the San Francisco business, which makes software focused on customer relations management. Founded in 2014, Vlocity raised a $50 million Series B at a $587.5 million valuation in 2016.
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I am delighted by the incredible success and transformation that our customers realize when they adopt our modern industry cloud and mobile applications.
– David Schmaier, CEO & Founder, Vlocity