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Velostics Raises $2.5M To Resolve Supply Chain Delays And Congestion At Industrial Facilities

Dec 08, 2021•almost 4 years ago

Amount Raised

$2.5 Million

Round Type

seed

Houston

Description

Velostics, Inc., an enterprise Software-as-a-Service (SaaS) company specializing in automating inbound logistics at industrial facilities, such as terminals, plants and warehouses, today announced it has raised $2.5 million to accelerate its growth. 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 is looking to use the funds to acquire top talent across revenue driving functions, including: account management, inside sales, and marketing. Additionally, the company’s AI-driven product innovation will continue at a fast pace to reduce the impact of driver shortages, congestion and delays due to manual scheduling and receiving processes, speed up throughput and improve gate-to-gate performance.

Company Information

Company

Velostics

Location

Houston, Texas, United States

About

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 Velostics® AI 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 enables required shipment data to be exchanged contactlessly and eliminates delays and paperwork from check-in, shipping and receiving process. Velostics solutions have a proven track record of minimizing delays and demurrage, reducing errors, and increasing operational efficiency and throughput so that companies may achieve strong ROI in just a few months. To learn more, please visit www.velostics.com.