Velostics, Inc., a Houston, Texas-based software as a service (SaaS) company that specializes in automating inbound logistics to industrial facilities, such as terminals, factories, and warehouses, raised $ 2.5 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-generating functions including: account management, inside sales and marketing, and expand its product innovation efforts based on AI.
Led by Founder and CEO Gaurav Khandelwal, Velostics is a Software-as-a-Service (SaaS) logistics and supply chain company specializing in automating manual and paper-based planning, recording and entry processes. truck orders for terminals, warehouses and plants. The platform automates communication between carriers and facility systems and logistics teams to plan, check-in and load vehicles faster and without error. Location-specific Velostics Pass ™ technology and QR code allow required contactless shipping data to be exchanged and eliminate delays and paperwork in the check-in, shipping and receiving processes.