VelocityConnect Software: Scaling Manufacturing Innovation

VelocityConnect Software has secured $84M in Series C funding, achieving a valuation of $332M. The investment round was led by GV (Google Ventures), with participation from Intel Capital, Salesforce Ventures.

Company Overview

Founded in 2020 and headquartered in Denver, CO, VelocityConnect Software is transforming the manufacturing landscape through innovative technology and a customer-first approach. The company has established itself as a key player in the rapidly growing manufacturing market.

Product & Market Position

VelocityConnect Software's platform addresses critical challenges in manufacturing by leveraging advanced technology to deliver scalable, efficient solutions. The company serves a diverse customer base ranging from startups to Fortune 500 enterprises.

Funding Details & Investor Confidence

This Series C round brings VelocityConnect Software's total funding to over $84M, reflecting strong investor confidence in the company's vision and execution. GV (Google Ventures) led the round, citing VelocityConnect Software's impressive growth metrics and market opportunity as key factors in the investment decision.

Growth Metrics & Traction

The company has demonstrated strong product-market fit with rapid customer adoption and consistent revenue growth. Key metrics include expanding customer base, improving retention rates, and increasing average contract values across all customer segments.

Use of Funds

VelocityConnect Software plans to deploy the capital across several strategic initiatives:

• Product Development: Expanding platform capabilities and introducing new features
• Team Expansion: Hiring across engineering, sales, and customer success
• Market Expansion: Entering new geographic markets and customer segments
• Infrastructure: Scaling technology infrastructure to support growth

Market Opportunity

The manufacturing market is experiencing significant growth, with industry analysts projecting substantial expansion over the next five years. VelocityConnect Software is well-positioned to capture market share through its differentiated technology and go-to-market strategy.

Competitive Landscape

In an increasingly competitive manufacturing sector, VelocityConnect Software differentiates through superior technology, customer experience, and operational efficiency. The company's platform offers unique capabilities that address unmet market needs.

Leadership & Team

The VelocityConnect Software leadership team brings extensive experience from leading technology companies and deep domain expertise in manufacturing. This combination of technical excellence and industry knowledge positions the company for continued success.

Technology & Innovation

VelocityConnect Software continues to invest heavily in research and development, with a focus on emerging technologies including artificial intelligence, machine learning, and automation to enhance platform capabilities and deliver superior value to customers.

Customer Success

Customer satisfaction and success remain central to VelocityConnect Software's strategy. The company maintains high Net Promoter Scores and strong retention rates, reflecting the value delivered through its platform and services.

Future Roadmap

Looking ahead, VelocityConnect Software plans to accelerate product innovation, expand into adjacent markets, and strengthen its position as a category leader in manufacturing. The company is committed to sustainable growth and long-term value creation.

Industry Impact

VelocityConnect Software's success demonstrates the transformative potential of technology in manufacturing. As the company scales, it continues to set new standards for innovation, customer service, and operational excellence in the industry.