Overview

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Status
Acquired by on June 9, 2012
Total Equity Funding
$23.83M in 4 Rounds from 5 Investors
Headquarters:
Burlington, Massachusetts
Description:
Vela Systems offers software that automates the execution and oversight of field activities on construction and capital projects.
Founders:
Categories:
iOS, Software, Construction, Mobile
Website:
http://www.velasystems.com
Social:

Company Details

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Vela Systems software automates the execution and oversight of field activities on construction and capital projects for contractors, architects, engineers and owners.

Instead of carrying a field notebook and paper plans or specs, jobsite users work with Vela software on mobile computers to electronically access documents and to complete QA/QC inspections, worklists, punchlists, field reports, update the Building Information Model, and carry out many other critical field activities. Customers routinely save 5-10 hours per week per user, accelerate project delivery by two days per month, capture the true Cost of Quality® and reduce litigation risk through standardized documentation.

Funding Rounds (4) - $23.83M

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DateAmount / RoundValuationLead InvestorInvestors
Sep, 2010$6M / Series B3
Jul, 2009$10.48M / Venture0
Jul, 2007$6M / Series A4
May, 2006$1.35M / Seed1

Current Team (2)

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Board Members and Advisors (1)

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Offices/Locations (1)

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  • HQ

    164 Middlesex Turnpike

    Burlington, Massachusetts 01803

    United States

Past Team (1)

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Images (1)

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