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 $2.5M 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.
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 enables required shipment data to be exchanged contactlessly and eliminates delays and paperwork from check-in, shipping and receiving process.
FinSMEs
08/12/2021