Velostics, Inc., a Houston, TX-based enterprise Software-as-a-Service (SaaS) company specializing in automating inbound logistics at industrial facilities, such as terminals, plants, and warehouses, raised $2.5 million in funding.
The round was led by Flyover Capital, with participation from Small Ventures USA, Cultivation Capital, Starboard Star, Congress Avenue Ventures, and BioUrja Ventures.
The company intends to use the funds to acquire talent across revenue-driving functions, including account management, inside sales, and marketing, and expand its AI-driven product innovation efforts.
Company: Velostics, Inc
Raised: $2.5M
Round:
Funding Month: December 2021
Lead Investors: Flyover Capital
Additional Investors: Small Ventures USA, Cultivation Capital, Starboard Star, Congress Avenue Ventures, and BioUrja Ventures
Company Website: http://velostics.com/
Software Category: logistics and supply chain enterprise Software-as-a-Service (SaaS)
About the Company: Led by Gaurav Khandelwal, founder, and CEO, Velostics is a logistics and supply chain enterprise Software-as-a-Service (SaaS) company specializing in automating manual and paper-based truck scheduling, check-in, and order entry processes for terminals, warehouses, and plants. The platform automates communication between carriers and facilities systems and logistics teams to schedule, check-in, and load vehicles faster and error-free. The location-specific Velostics Pass™ technology and QR code enable required shipment data to be exchanged contactless and eliminate delays and paperwork from check-in, shipping, and receiving process.
Source: https://www.finsmes.com/2021/12/velostics-raises-2-5m-in-funding.html