Salesforce-based Cloud Software Company Vlocity Raises $50M for International Push
Vlocity, a cloud software startup with a portfolio built entirely on the Salesforce Customer Success Platform, raised $50 million on Tuesday to expand internationally.
Sutter Hill led the round with participation from Salesforce Ventures, Accenture, New York Life, Kennet Partners, TDF Ventures and Wildcat Venture Partners. The company has raised more than $100 million to date.
CEO David Schmaier co-founded the San Francisco-based startup in 2014 alongside veterans of Veeva Systems, which went public in 2013 with a valuation of about $5 billion. Vlocity builds industry-specific cloud apps on the Salesforce platform. The company focuses on four sectors: telecommunications, insurance, healthcare, and government agencies. Clients deploying Vlocity applications include Sky Italia, Cellcom, Fastweb, New York Life and the city of Toronto.