Pitchbook News & Analysis: Vlocity Becomes a Unicorn

Vlocity Raises $60M Series C Funding

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 PartnersAccenture 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