Vlocity builds industry-specific CRM solutions on the Salesforce platform for five verticals: communications and media, insurance and financial services, health, energy and utilities, and government and nonprofits. The company was founded in 2014 and is led by co-founder and CEO David Schmaier. Vlocity says it has reached $100 million in revenue and expects to double that by the end of the year. It serves 150 customers, including New York Life, Verizon, Cigna and the City of New York, and has 700 employees across 20 countries. The product strategy emphasizes deep vertical specialization and tailored industry functionality. Management says the new funding will be used to accelerate product development and growth in its targeted verticals. Vlocity is an industry cloud company that provides cloud applications built on the Salesforce platform to deliver unified, industry-specific customer experiences. Its product suite includes Vlocity Communications & Media, Vlocity Insurance, Vlocity Health Insurance, Vlocity Public Sector and the Vlocity Guided Interaction Platform™. The company targets customer-centric industries such as Communications and Media, Insurance, Health Insurance and the Public Sector. Customers cited in the article include Sky Italia, Cellcom, Fastweb, New York Life and the City of Toronto. Led by CEO and founder David Schmaier, Vlocity plans to use the recent funding to expand its service and support infrastructure for customers around the world. The company is based in San Francisco, CA. Vlocity is a San Francisco-based industry cloud software company that builds vertical applications for communications, insurance, and health insurance. Its products aim to help companies deliver a unified, industry-specific customer experience. The company was founded by former Siebel Systems executive David Schmaier alongside Veeva Systems co-founders Craig Ramsey, Mark Armenante, Young Sohn, and Netsuite’s former worldwide sales leader James Ramsey. Vlocity recently raised $42.8M in funding. The round was led by Salesforce Ventures with participation from Accenture. The company intends to use the funds to continue to expand operations.

Total raised

$153M

Funding rounds

3

Latest round

Series C

Latest activity

Mar 2019