The mark of a true platform is when it fuels a series of successful companies built on its back. Vlocity could be a good example.
News today comes from Vlocity, the company powering Salesforce into a host of new vertical markets.
The company, already performing admirably, has just picked up $50 million in funding led by Sutter Hill Ventures and Salesforce Ventures.
That this announcement is occurring on the eve of Salesforce’s DreamForce conference is no coincidence - Vlocity is touted by many as being the company that could launch the next Veeva. For those unaware, Veeva is a pharmaceutical and life sciences tech company that IPO’d a couple of years ago.